American Tower Corporation (AMT) announced the pricing of a registered public offering of senior unsecured notes totaling $1.6 billion in aggregate principal amount. The offering consists of three tranches with maturities in 2031, 2033, and 2036. The company expects to receive net proceeds of approximately $1.58 billion.
Key Details
- Offering Breakdown: The offering includes $500 million of 5.300% notes due 2031, $500 million of 5.560% notes due 2033, and $600 million of 5.750% notes due 2036.
- Use of Proceeds: The net proceeds will be used to repay $600 million of its 1.450% senior notes due 2026, pay down existing debt under its revolving credit facility, and for general corporate purposes.