debt
confidence high
sentiment neutral
materiality 0.30
AMERICAN TOWER CORP /MA/ (AMT): debt financing — American Tower issues €750M 4.000% senior notes due 2033; net proceeds ~$866.7M
AMERICAN TOWER CORP /MA/
- €750M aggregate principal of 4.000% senior unsecured notes due September 1, 2033.
- Net proceeds of ~€742.7M ($866.7M) after commissions and expenses.
- Proceeds to repay revolver borrowings and €500M of 1.950% notes due 2026, plus general corporate purposes.
- Notes callable at make-whole before July 1, 2033 and at par thereafter; change-of-control repurchase at 101%.