American Tower Corporation announced the pricing of its registered public offering of senior unsecured notes due in 2030 and 2035.
The offering includes aggregate principal amounts of $200.0 million and $375.0 million for the respective notes.
The net proceeds of the offering are expected to be approximately $587.8 million after deducting underwriting discounts and estimated offering expenses.
Offering Details
Includes senior unsecured notes due in 2030 and 2035 with specific aggregate principal amounts.
Proceeds Allocation
Intends to use the net proceeds to repay existing indebtedness under the senior unsecured revolving credit facility and for general corporate purposes.
Book-Running Managers
BBVA Securities Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are the Joint Book-Running Managers for the offering.
- The pricing of the senior notes offering will impact American Tower Corporation's capital structure and debt repayment strategy.
- The successful offering indicates investor confidence in the company's financial health and future prospects.
American Tower Corporation's successful pricing of senior notes offering reflects market confidence and strategic financial planning.