American Tower Corporation Calls for Redemption All of Its Outstanding 7.25% Senior Notes
January 11 2017 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) announced today its
election to call for redemption all of its outstanding 7.25% senior
unsecured notes due 2019. The redemption date has been set for
February 10, 2017. In accordance with the redemption provisions of
the notes and the indenture dated as of June 10, 2009, the notes
will be redeemed at a price equal to the principal amount of the
notes plus a make-whole premium calculated pursuant to the terms of
the indenture, together with accrued and unpaid interest, if any,
up to, but excluding, the redemption date. The Company intends to
fund the redemption with borrowings under its credit facilities and
cash on hand.
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.
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 in
Item 1A of its Form 10-K for the year ended December 31, 2015
under the caption “Risk Factors.” 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: http://www.businesswire.com/news/home/20170111006062/en/
American Tower CorporationLeah Stearns, 617-375-7500Senior Vice
President, Treasurer and Investor Relations
American Tower (NYSE:AMT)
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