American Tower said it completed a registered public offering of $850.0 million in senior unsecured notes due 2032 at 4.700%, with net proceeds of about $839.5 million after commissions and estimated expenses, on December 5, 2025.

1. 01

   American Tower said it completed a registered public offering of $850.0 million in senior unsecured notes due 2032 at 4.700%, with net proceeds of about $839.5 million after commissions and estimated expenses, on December 5, 2025.

2. 02

   The company said it intends to use the net proceeds to repay existing borrowings under its $4.0 billion senior unsecured revolving credit facility, as amended and restated in December 2021 and further amended.

3. 03

   The company said the notes mature on December 15, 2032 and bear interest at 4.700% per year, payable semi-annually in arrears on June 15 and December 15. The company said the aggregate amount of debt secured by liens must not exceed 3.5x Adjusted EBITDA as defined in the indenture.

4. 04

   The company said it will pay a make-whole premium on 100% of the principal amount if it redeems the notes before October 15, 2032, and accrued interest on 100% of the principal amount if it redeems them afterward. If it undergoes a Change of Control and Ratings Decline, it may have to repurchase the notes at 101% of principal, plus accrued interest.

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Original filing

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