American Tower Corporation Calls for Redemption All of Its Outstanding 3.450% Senior Notes and 3.300% Senior Notes
June 04 2020 - 5:29PM
Business Wire
American Tower Corporation (NYSE: AMT) today announced its
election to call for redemption all of its outstanding 3.450%
senior unsecured notes due 2021 and all of its outstanding 3.300%
senior unsecured notes due 2021. The redemption date for each set
of notes has been set for July 6, 2020. In accordance with the
redemption provisions of the 3.450% notes and the Indenture, dated
as of May 23, 2013 (the “Base Indenture”), as supplemented by the
Supplemental Indenture No. 2, dated as of August 7, 2014, the
3.450% notes will be redeemed at a price equal to the principal
amount of the 3.450% notes plus a make-whole premium calculated
pursuant to the terms of the indenture, together with accrued and
unpaid interest, if any, up to, but excluding, the redemption date.
In accordance with the redemption provisions of the 3.300% notes
and the Base Indenture, as supplemented by the Supplemental
Indenture No. 4, dated as of January 12, 2016, the 3.300% notes
will be redeemed at a price equal to the principal amount of the
3.300% notes plus a make-whole premium calculated pursuant to the
terms of the indenture, together with accrued and unpaid interest,
if any, up to, but excluding, the redemption date. The Company
intends to fund the redemptions with borrowings under its $2.35
billion senior unsecured revolving credit facility, as amended and
restated in December 2019, and cash on hand.
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.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
concerning the Company’s goals, beliefs, expectations, strategies,
objectives, plans, future operating results and underlying
assumptions and other statements that are not necessarily based on
historical facts. Actual results may differ materially from those
indicated in the Company’s forward-looking statements as a result
of various factors, including those factors set forth in Item 1A of
its Form 10-K for the year ended December 31, 2019, as updated in
Part II, Item 1A of its Form 10-Q for the quarter ended March 31,
2020, under the caption “Risk Factors.” The Company undertakes no
obligation to update the information contained in this press
release to reflect subsequently occurring events or
circumstances.
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Igor Khislavsky Vice President, Investor Relations (617)
375-7500
American Tower (NYSE:AMT)
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