American Tower Corporation Announces Completion of Redemption of All Outstanding 5.900% Senior Notes
January 15 2020 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) today announced that it
has completed its previously announced redemption of all of its
outstanding 5.900% senior unsecured notes due 2021. The Company
redeemed the notes pursuant to their terms at 106.7090% of the
principal amount, plus accrued and unpaid interest up to, but
excluding, January 15, 2020. The total aggregate redemption price
was approximately $539.6 million, including $6.0 million in accrued
interest. The Company financed the redemption with borrowings under
its $2.25 billion senior unsecured revolving credit facility, as
amended and restated in December 2019, and cash on hand. Upon
completion of this redemption, none of the 5.900% 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
179,000 communications sites. For more information about American
Tower, please visit www.americantower.com.
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Igor Khislavsky Vice President, Investor Relations Telephone:
(617) 375-7500
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