debt
confidence high
sentiment neutral
materiality 0.50
American Tower issues €500M 3.625% senior notes due 2032; proceeds to repay revolver
AMERICAN TOWER CORP /MA/
- Issued €500M principal of 3.625% senior notes due May 30, 2032; net proceeds ~€496.8M ($558.4M).
- Interest payable annually in arrears starting May 30, 2026; notes are senior unsecured.
- Proceeds to repay borrowings under $6B multicurrency revolving credit facility and for general corporate purposes.
- Notes callable at make-whole premium before March 30, 2032, then at par; 101% put on change of control/ratings decline.
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