American Tower priced its registered public offering of senior unsecured notes due 2033 in an aggregate principal amount of 750.0 million euros (approximately $875.2 million).

1. 01

   American Tower priced its registered public offering of senior unsecured notes due 2033 in an aggregate principal amount of 750.0 million euros (approximately $875.2 million).

2. 02

   The company said the notes due 2033 will have an interest rate of 4.000% per annum and are being issued at a price equal to 99.663% of their face value.

3. 03

   The company said the net proceeds of the offering are expected to be €742.7 million (approximately $866.7 million), after deducting underwriting discounts and estimated offering expenses.

4. 04

   American Tower said it intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes, to the extent it has been drawn upon in euros to repay €500.0 million aggregate principal amount of its 1.950% senior notes due 2026.

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Original filing

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