debt
confidence high
sentiment neutral
materiality 0.50
American Tower issues $1B in senior notes (4.9% due 2030, 5.35% due 2035) to refinance
AMERICAN TOWER CORP /MA/
- Issued $650M 4.900% notes due 2030 and $350M 5.350% notes due 2035; net proceeds ~$988.9M.
- Proceeds to repay $750M of 2.400% notes due 2025 and reduce revolving credit facility borrowings.
- Notes are senior unsecured, include make-whole call protection; change-of-control put at 101%.
- Interest payable semi-annually from Sept 15, 2025; first accrual from March 14, 2025.