American Tower Corp Completes $1.2B Public Offering of Senior Unsecured Notes

Summary

On November 21, 2024, American Tower Corporation completed a registered public offering of $600 million aggregate principal amount of its 5.000% senior unsecured notes due 2030 and $600 million aggregate principal amount of its 5.400% senior unsecured notes due 2035, resulting in aggregate net proceeds of approximately $1.184 billion. The Company intends to use the net proceeds to repay existing indebtedness under its senior unsecured multicurrency revolving credit facility and senior unsecured revolving credit facility. The notes were issued under an indenture and are subject to certain covenants and events of default.