American Tower Announces Pricing On ~$875.2M Public Offering Of Senior Unsecured Notes Due 2033

The 2033 notes will have an interest rate of 4.000% per annum and are being issued at a price equal to 99.663% of their face value.

The net proceeds of the offering are expected to be €742.7 million (approximately $866.7 million), after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, to the extent it has been drawn upon in euros to repay €500.0 million aggregate principal amount of its 1.950% senior notes due 2026, and for general corporate purposes.