American Tower Corporation (NYSE:AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2026 and 2031 in aggregate principal amounts of $700.0 million and $700.0 million, respectively. The 2026 notes will have an interest rate of 1.600% per annum and are being issued at a price equal to 99.918% of their face value. The 2031 notes will have an interest rate of 2.700% per annum and are being issued at a price equal to 99.807% of their face value.
The net proceeds of the offering are expected to be approximately $1,386.3 million, after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness under its $4.1 billion senior unsecured multicurrency revolving credit facility, as amended and restated in February 2021.
BofA Securities, Citigroup, J.P. Morgan, Morgan Stanley and Santander are acting as Joint Book-Running Managers for the offering.
About American Tower
Cautionary Language Regarding Forward-Looking Statements
View source version on businesswire.com: https://www.businesswire.com/news/home/20210324005951/en/
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
