American Tower Corporation 8-K

Summary

Senior unsecured notes offering priced. American Tower priced $1.60B of notes due in 2031, 2033 and 2036; it expects $1.58B in net proceeds for debt repayment and general corporate purposes.

Key Figures

• $500M principal due 2031: 5.300% coupon; issued at 99.718% of face value.
• $500M principal due 2033: 5.560% coupon; issued at 99.776% of face value.
• $600M principal due 2036: 5.750% coupon; issued at 99.497% of face value.
• Expected net proceeds: $1.58B after underwriting discounts and estimated offering expenses; intended uses include repaying $600M principal of 1.450% notes due 2026, repaying borrowings under the $6.0B revolving credit facility, and general corporate purposes.