debt
confidence high
sentiment neutral
materiality 0.70
American Tower issues $1.2B in senior notes at 5.000% and 5.400% due 2030 and 2035
AMERICAN TOWER CORP /MA/
- $600M 5.000% notes due Jan 31, 2030; $600M 5.400% notes due Jan 31, 2035.
- Net proceeds of ~$1,183.7M after commissions and expenses.
- Proceeds to repay borrowings under $6B and $4B revolving credit facilities.
- Notes redeemable at make-whole or par; change of control repurchase at 101%.