Financing ·
American Tower extends $11 billion credit facilities through 2029 and 2031, adds $5B acquisition borrowing capacity
AMTAmerican Tower Corp
American Tower Corporation has amended its $11 billion suite of credit facilities to extend maturity dates through 2029 and 2031. The amendments include a new provision allowing the company to borrow up to $5 billion for certain acquisitions and adjust lien covenants to a 3.5x Senior Secured Debt to Adjusted EBITDA ratio. These changes provide the company with enhanced liquidity and the financial flexibility necessary to execute future inorganic growth strategies.