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AMT

American Tower Corp Prices $587.8M Senior Notes Offering

American Tower Corporation (NYSE: AMT) has announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035. The 2030 notes will be issued at a price equal to 102.452% of their face value, while the 2035 notes will be issued at a price equal to 103.567% of their face value. The net proceeds of the offering are expected to be approximately $587.8 million.

The company intends to use the net proceeds to repay existing indebtedness under its $4.0 billion senior unsecured revolving credit facility and for general corporate purposes.

The joint book-running managers for the offering are BBVA Securities Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC.

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities. As a result of these announcements, the company's shares have moved -0.23% on the market, and are now trading at a price of $196.095. Check out the company's full 8-K submission here.

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