American Tower Corporation Announces Completion of Redemption of All Outstanding 4.500% Senior Notes
July 31 2017 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) announced today that it
has completed its previously announced redemption of all of its
outstanding 4.500% senior unsecured notes due 2018. The Company
redeemed the notes pursuant to their terms at 101.3510% of the
principal amount, plus accrued and unpaid interest up to, but
excluding, July 31, 2017. The total aggregate redemption price was
approximately $1.02 billion, including $2.0 million in accrued
interest. The Company financed the redemption with borrowings under
its credit facility entered into in June 2013, as amended, and cash
on hand. Upon completion of this redemption, none of the 4.500%
notes remained outstanding.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of approximately
148,000 communications sites. For more information about American
Tower, please visit www.americantower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170731006116/en/
American Tower CorporationIgor Khislavsky, 617-375-7500Director,
Investor Relations
American Tower (NYSE:AMT)
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