American Tower Corporation Announces Completion of Redemption of All Outstanding 2.800% Senior Notes
May 11 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 2.800% senior unsecured notes due 2020. The Company
redeemed the notes pursuant to their terms at their principal
amount, plus accrued interest up to, but excluding, May 11, 2020.
The total aggregate redemption price was approximately $759.3
million, including $9.3 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 2.800% 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
180,000 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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