American Tower Corporation 8-K

Summary

Debt financing. On 11/13/2026, American Tower completed a registered offering of $1.5B principal amount of senior unsecured notes, receiving approximately $1.47B in net proceeds to repay borrowings under its $6.0B revolving credit facility and for general corporate purposes. The principal amount is ≈4.0% of its $37.6B total debt at 9/30/2026 (Q3 2026 10-Q).

Key Figures

• Notes issued: $450M at 5.300%, due 9/15/2031; $500M at 5.560%, due 9/15/2033; and $550M at 5.750%, due 9/15/2036. Interest is payable semiannually on March 15 and September 15, beginning 3/15/2027.
• Each tranche will be consolidated into a single series and made fully fungible with notes of the same rate and maturity issued on 9/14/2026.
• Optional redemption before 8/15/2031, 7/15/2033 or 6/15/2036, respectively, requires payment of a make-whole premium; redemption on or after those dates is at par plus accrued interest. Following a change of control and ratings decline, the company may be required to repurchase the notes at 101% of principal plus accrued interest.
• The indenture limits certain mergers, asset sales and liens; secured indebtedness is subject to a cap of 3.5x Adjusted EBITDA, as defined in the indenture.