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American Tower logoAmerican Tower AMT

American Tower priced its registered public offering of May 21, 2025 2032 senior unsecured notes due 2032, with an aggregate principal amount of 500.0 million euros.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. American Tower priced its registered public offering of May 21, 2025 2032 senior unsecured notes due 2032, with an aggregate principal amount of 500.0 million euros.

  2. The company said the notes due 2032 will carry an interest rate of 3.625% per annum and are being issued at 99.994% of their face value.

  3. The company said it expects net proceeds of €496.8 million (about $558.4 million), after underwriting discounts and estimated offering expenses. It plans to use the proceeds to repay borrowings under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes.

  4. The company said Barclays Bank PLC, Citigroup Global Markets Limited, ING Bank N.V., Mizuho International plc, Morgan Stanley & Co. International plc and SMBC Bank International plc are acting as Joint Book-Running Managers for the offering.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Pricing of 2032 Senior Unsecured Notes

American Tower priced its registered public offering of May 21, 2025 2032 senior unsecured notes due 2032, with an aggregate principal amount of 500.0 million euros.

Source · Based on the filing body and exhibits

Coupon of 3.625% and Issue Price of 99.994%

The company said the notes due 2032 will carry an interest rate of 3.625% per annum and are being issued at 99.994% of their face value.

Source · Based on the filing body and exhibits

Expected Net Proceeds and Use of Funds

The company said it expects net proceeds of €496.8 million (about $558.4 million), after underwriting discounts and estimated offering expenses. It plans to use the proceeds to repay borrowings under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes.

Source · Based on the filing body and exhibits

Joint Book-Running Managers

The company said Barclays Bank PLC, Citigroup Global Markets Limited, ING Bank N.V., Mizuho International plc, Morgan Stanley & Co. International plc and SMBC Bank International plc are acting as Joint Book-Running Managers for the offering.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.