American Tower said it priced its registered public offering of senior unsecured notes due 2030 and 2035 in principal amounts of $650.0 million and $350.0 million, respectively, on March 11, 2025.

1. 01

   American Tower said it priced its registered public offering of senior unsecured notes due 2030 and 2035 in principal amounts of $650.0 million and $350.0 million, respectively, on March 11, 2025.

2. 02

   The company said the notes due 2030 will carry an interest rate of 4.900% per annum and are being issued at 99.846% of face value, while the notes due 2035 will carry an interest rate of 5.350% per annum and are being issued at 99.724% of face value.

3. 03

   It said it expects net proceeds of about $988.9 million after underwriting discounts and estimated offering expenses. The company also said it plans to use the proceeds to repay its 2.400% senior unsecured notes due 2025, repay existing borrowings under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes.

4. 04

   The company said J.P. Morgan Securities LLC, BBVA Securities Inc., BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as Joint Book-Running Managers for the offering.

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Original filing

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