American Tower Corporation Calls for Redemption All of Its Outstanding 4.500% Senior Notes
June 30 2017 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) announced today its
election to call for redemption all of its outstanding 4.500%
senior unsecured notes due 2018. The redemption date has been set
for July 31, 2017. In accordance with the redemption provisions of
the notes and the Indenture, dated as of May 13, 2010, as
supplemented by the Supplemental Indenture No. 2, dated as of
December 7, 2010, 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 senior unsecured revolving credit facility
entered into in June 2013, as amended, 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 147,000
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, 2016
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170630005626/en/
American Tower CorporationIgor Khislavsky, 617-375-7500Director,
Investor Relations
American Tower (NYSE:AMT)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Tower (NYSE:AMT)
Historical Stock Chart
From Apr 2023 to Apr 2024