debt
confidence high
sentiment neutral
materiality 0.60
American Tower issues $1.6B in three senior note tranches
AMERICAN TOWER CORP /MA/
- Issued $500M 5.300% notes due 2031, $500M 5.560% notes due 2033, $600M 5.750% notes due 2036.
- Net proceeds of approximately $1,579.9M after deducting commissions and estimated expenses.
- Proceeds to be used to repay $600M 1.450% notes due 2026 and borrowings under $6.0B revolving credit facility.
- Notes are senior unsecured; redeemable at make-whole premium before certain dates, change-of-control repurchase at 101%.