American Tower Corporation Prices Senior Notes Offering
May 22 2024 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) today announced the
pricing of its registered public offering of senior unsecured notes
due 2030 and 2034 in aggregate principal amounts of €500.0 million
(approximately $543.5 million) and €500.0 million (approximately
$543.5 million), respectively. The 2030 notes will have an interest
rate of 3.900% per annum and are being issued at a price equal to
99.622% of their face value. The 2034 notes will have an interest
rate of 4.100% per annum and are being issued at a price equal to
99.306% of their face value.
The net proceeds of the offering are expected to be €988.4
million (approximately $1,074.2 million), after deducting
underwriting discounts and estimated offering expenses. American
Tower intends to use the net proceeds to repay existing
indebtedness under its $6.0 billion senior unsecured multicurrency
revolving credit facility, as amended and restated in December
2021, as further amended, to the extent it has been drawn upon in
euros to, among other things, repay existing indebtedness under its
€825.0 million unsecured term loan, as amended in December
2021.
Banco Santander, S.A., Barclays Bank PLC, Citigroup Global
Markets Limited, J.P. Morgan Securities plc and Mizuho
International plc are acting as Joint Book-Running Managers for the
offering.
This press release shall not constitute an offer to sell or a
solicitation to buy any securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus
and related prospectus supplement, which may be obtained by
visiting the Securities and Exchange Commission’s website at
www.sec.gov. Alternatively, you may request these documents by
calling Banco Santander, S.A. at +34-91-257-2029, Barclays Bank PLC
at 1-888-603-5847 (toll-free), Citigroup Global Markets Limited at
1-800-831-9146, J.P. Morgan Securities plc at +44-20-7134-2468
(Non-US investors), or J.P. Morgan Securities LLC collect at
+1-212-834-4533 (US investors), or Mizuho International plc at
+44-20-7090-6698.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of over 224,000
communications sites and a highly interconnected footprint of U.S.
data center facilities. For more information about American Tower,
please visit the “Earnings Materials” and “Investor Presentations”
sections of our investor relations hub at
www.americantower.com.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
concerning the Company’s goals, beliefs, expectations, strategies,
objectives, plans, future operating results and underlying
assumptions and other statements that are not necessarily based on
historical facts. Actual results may differ materially from those
indicated in the Company’s forward-looking statements as a result
of various factors, including those factors set forth under the
caption “Risk Factors” in Item 1A of its most recent annual report
on Form 10-K, and other risks described in documents the Company
subsequently files from time to time with the Securities and
Exchange Commission. The Company undertakes no obligation to update
the information contained in this press release to reflect
subsequently occurring events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20240522921627/en/
Adam Smith Senior Vice President, Investor Relations and
FP&A Telephone: (617) 375-7500
American Tower (NYSE:AMT)
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