Financing ·
American Tower raises $1.58B via senior unsecured notes due 2031, 2033, and 2036 to repay debt
AMTAmerican Tower Corp
American Tower Corporation completed a registered public offering of $500.0 million in 5.300% senior unsecured notes due 2031, $500.0 million in 5.560% senior unsecured notes due 2033, and $600.0 million in 5.750% senior unsecured notes due 2036 on September 14, 2026. The transaction generated aggregate net proceeds of approximately $1,579.9 million after deducting commissions and estimated expenses. The company intends to use the net proceeds to repay $600.0 million of its 1.450% senior unsecured notes due 2026, retire existing indebtedness under its $6.0 billion revolving credit facility, and fund general corporate purposes. American Tower Corporation operates in the real estate investment trust sector, specializing in the ownership, operation, and development of multitenant communications real estate.