NEW YORK (Thomson Financial) - American Tower Corp. Monday said it has
entered into a $325 million incremental term loan commitment related to its
existing senior unsecured revolving credit facility.
The company expects proceeds of $321.7 million from the new facility, which
together with available cash, will be used to repay existing indebtedness.
Shares of the operator of wireless communication sites closed Thursday at
$39.15.
Ryan Vlastelica
rv/vj
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