American Tower Corporation Announces Completion of Redemption of All Outstanding 3.450% Senior Notes and 3.300% Senior Notes
July 06 2020 - 4:30PM
Business Wire
American Tower Corporation (NYSE: AMT) today announced it has
completed its previously announced redemption of all of its
outstanding 3.450% senior unsecured notes due 2021 and all of its
outstanding 3.300% senior unsecured notes due 2021. The Company
redeemed the 3.450% notes pursuant to their terms at 103.5980% of
their principal amount, plus accrued and unpaid interest up to, but
excluding, July 6, 2020. The total aggregate redemption price for
the 3.450% notes was approximately $680.3 million, including $6.9
million in accrued and unpaid interest. The Company redeemed the
3.300% notes pursuant to their terms at 101.5090% of their
principal amount, plus accrued and unpaid interest up to, but
excluding, July 6, 2020. The total aggregate redemption price for
the 3.300% notes was approximately $771.0 million, including $9.7
million in accrued and unpaid interest. The Company financed the
redemption with borrowings under its $2.35 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 3.450% notes or the 3.300% 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200706005434/en/
Igor Khislavsky Vice President, Investor Relations Telephone:
(617) 375-7500
American Tower (NYSE:AMT)
Historical Stock Chart
From Aug 2024 to Sep 2024
American Tower (NYSE:AMT)
Historical Stock Chart
From Sep 2023 to Sep 2024