American Tower said it completed a public offering of 500.0 million EUR of 3.900% senior unsecured notes due 2030 and 500.0 million EUR of 4.100% senior unsecured notes due 2034, with the offering closing on May 29, 2024.

1. 01

   American Tower said it completed a public offering of 500.0 million EUR of 3.900% senior unsecured notes due 2030 and 500.0 million EUR of 4.100% senior unsecured notes due 2034, with the offering closing on May 29, 2024.

2. 02

   The company said net proceeds after commissions and estimated expenses were approximately 988.4 million EUR (about $1,074.2 million), and it plans to use all of the proceeds to repay existing borrowings drawn in EUR under its $6.0 billion multicurrency revolving credit facility.

3. 03

   The company said the 2030 notes mature on May 16, 2030 and the 2034 notes mature on May 16, 2034, with interest payable annually in EUR in arrears on May 16, beginning on May 16, 2025.

4. 04

   The company said it may redeem the 2030 notes before February 16, 2030 and the 2034 notes before February 16, 2034 at a price equal to 100% of principal plus a make-whole premium, and that it may be required to repurchase the notes at 101% of principal upon a Change of Control and Ratings Decline.

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Original filing

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