American Tower Corporation Prices Senior Notes Offering
June 01 2020 - 5:54PM
Business Wire
American Tower Corporation (NYSE: AMT) today announced the
pricing of its registered public offering of senior unsecured notes
due 2025, 2030 and 2050, in aggregate principal amounts of $500.0
million, $750.0 million and $750.0 million, respectively. The 2025
notes will have an interest rate of 1.300% per annum and are being
issued at a price equal to 99.719% of their face value. The 2030
notes will have an interest rate of 2.100% per annum and are being
issued at a price equal to 99.425% of their face value. The 2050
notes will have an interest rate of 3.100% per annum and are being
issued at a price equal to 99.014% of their face value. The net
proceeds of the offering are expected to be approximately $1,968.2
million, after deducting underwriting discounts and estimated
offering expenses. American Tower intends to use the net proceeds
to repay existing indebtedness under its $2.35 billion senior
unsecured revolving credit facility, as amended and restated in
December 2019, and for general corporate purposes.
Barclays, BBVA, Mizuho Securities, RBC Capital Markets and TD
Securities are acting as Joint Book-Running Managers for the
offering.
This press release shall not constitute an offer to sell or a
solicitation to buy any securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus
and related prospectus supplement, which may be obtained by
visiting the Securities and Exchange Commission’s website at
www.sec.gov. Alternatively, you may request these documents by
calling Barclays Capital Inc. toll-free at (888) 603-5847, BBVA
Securities Inc. toll-free at (800) 422-8692, Mizuho Securities USA
LLC toll-free at (866) 271-7403, RBC Capital Markets, LLC toll free
at (866) 375-6829 or TD Securities (USA) LLC toll-free at (855)
495-9846.
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 approximately
180,000 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, 2019, as updated in
Part II, Item 1A of its Form 10-Q for the quarter ended March 31,
2020, 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: https://www.businesswire.com/news/home/20200601005746/en/
Igor Khislavsky Vice President, Investor Relations Telephone:
(617) 375-7500
American Tower (NYSE:AMT)
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