American Tower Corporation Announces Completion of Redemption of All Outstanding 7.25% Senior Notes
February 10 2017 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) announced today that it
has completed its previously announced redemption of all of its
outstanding 7.25% senior unsecured notes due 2019. The Company
redeemed the notes pursuant to their terms at approximately
112.0854% of the principal amount, plus accrued and unpaid interest
up to, but excluding, February 10, 2017. The total aggregate
redemption price was approximately $341.4 million, including
approximately $5.1 million in accrued interest. The Company
financed the redemption with borrowings under its credit facility
entered into in June 2013, as amended and cash on hand. Upon
completion of this redemption, none of the 7.25% notes remained
outstanding.
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 144,000
communications sites. For more information about American Tower,
please visit www.americantower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170210005456/en/
American Tower CorporationLeah Stearns, 617-375-7500Senior Vice
President, Treasurer and Investor Relations
American Tower (NYSE:AMT)
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