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American Tower Corporation Prices Senior Notes Offering

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American Tower (NYSE: AMT) has announced pricing for its registered public offering of senior unsecured notes. The offering includes two tranches: $600.0 million in notes due 2030 with a 5.000% interest rate, priced at 99.622% of face value, and $600.0 million in notes due 2035 with a 5.400% interest rate, priced at 99.455% of face value.

The net proceeds, expected to be approximately $1,183.7 million after expenses, will be used to repay existing debt under the company's $6.0 billion and $4.0 billion senior unsecured revolving credit facilities. The offering is being managed by Barclays, Mizuho, RBC Capital Markets, Scotiabank, and TD Securities as Joint Book-Running Managers.

American Tower (NYSE: AMT) ha annunciato il prezzo per la sua offerta pubblica registrata di obbligazioni senior non garantite. L'offerta comprende due tranche: 600,0 milioni di dollari in obbligazioni con scadenza nel 2030 a un tasso di interesse del 5,000%, prezzate al 99,622% del valore nominale, e 600,0 milioni di dollari in obbligazioni con scadenza nel 2035 a un tasso di interesse del 5,400%, prezzate al 99,455% del valore nominale.

I proventi netti, attesi intorno ai 1.183,7 milioni di dollari dopo le spese, saranno utilizzati per ripagare debiti esistenti nell'ambito delle linee di credito revolving senior non garantite dell'azienda da 6,0 miliardi e 4,0 miliardi di dollari. L'offerta è gestita da Barclays, Mizuho, RBC Capital Markets, Scotiabank e TD Securities in qualità di Joint Book-Running Managers.

American Tower (NYSE: AMT) ha anunciado la fijación de precios para su oferta pública registrada de notas senior no garantizadas. La oferta incluye dos tramos: 600,0 millones de dólares en notas con vencimiento en 2030 a una tasa de interés del 5,000%, valoradas al 99,622% del valor nominal, y 600,0 millones de dólares en notas con vencimiento en 2035 a una tasa de interés del 5,400%, valoradas al 99,455% del valor nominal.

Los ingresos netos, que se espera que sean aproximadamente 1,183.7 millones de dólares tras los gastos, se utilizarán para pagar deudas existentes bajo las líneas de crédito rotativo senior no garantizadas de la empresa de 6,0 mil millones y 4,0 mil millones de dólares. La oferta está siendo gestionada por Barclays, Mizuho, RBC Capital Markets, Scotiabank y TD Securities como gestores conjuntos de libros.

American Tower (NYSE: AMT)는 등록된 공개 노후에 대한 가격을 발표했습니다. 이 오퍼링에는 두 개의 트랜치가 포함되어 있습니다: 2030년 만기 6억 달러의 노트, 이자율 5.000%, 액면가의 99.622%에 가격이 책정되었고, 2035년 만기 6억 달러의 노트, 이자율 5.400%, 액면가의 99.455%에 가격이 책정되었습니다.

비용을 감안하면 예상되는 순수익은 약 11억 8370만 달러가 될 것으로 보이며, 이를 사용하여 회사의 60억 달러 및 40억 달러 규모의 기존 고급 무담보 회전신용 시설의 부채를 상환합니다. 이번 오퍼링은 Barclays, Mizuho, RBC Capital Markets, Scotiabank, TD Securities가 공동 관리자로 운영하고 있습니다.

American Tower (NYSE: AMT) a annoncé les tarifs de son offre publique enregistrée de billets senior non garantis. L’offre comprend deux tranches : 600,0 millions de dollars en billets arrivant à échéance en 2030 avec un taux d'intérêt de 5,000 %, évalués à 99,622 % de la valeur nominale, et 600,0 millions de dollars en billets arrivant à échéance en 2035 avec un taux d'intérêt de 5,400 %, évalués à 99,455 % de la valeur nominale.

Les produits nets, qui devraient atteindre environ 1,183,7 millions de dollars après les frais, seront utilisés pour rembourser la dette existante dans le cadre des lignes de crédit renouvelables senior non garanties de l'entreprise s'élevant à 6,0 milliards et 4,0 milliards de dollars. L'offre est gérée par Barclays, Mizuho, RBC Capital Markets, Scotiabank et TD Securities en tant que co-managers principaux.

American Tower (NYSE: AMT) hat die Preisgestaltung für ihr registriertes öffentliches Angebot von nicht gesicherten senior Anleihen angekündigt. Das Angebot umfasst zwei Tranchen: 600,0 Millionen Dollar an Anleihen, die 2030 fällig werden, mit einem Zinssatz von 5,000%, bewertet mit 99,622% des Nennwerts, und 600,0 Millionen Dollar an Anleihen, die 2035 fällig werden, mit einem Zinssatz von 5,400%, bewertet mit 99,455% des Nennwerts.

Die Nettoerlöse, die voraussichtlich etwa 1,183,7 Millionen Dollar nach Abzug der Kosten betragen, werden verwendet, um bestehende Schulden aus den 6,0 Milliarden Dollar und 4,0 Milliarden Dollar schweren nicht gesicherten revolvierenden Kreditlinien des Unternehmens zurückzuzahlen. Das Angebot wird von Barclays, Mizuho, RBC Capital Markets, Scotiabank und TD Securities als Joint Book-Running Managers geleitet.

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BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $600.0 million and $600.0 million, respectively. The 2030 notes will have an interest rate of 5.000% per annum and are being issued at a price equal to 99.622% of their face value. The 2035 notes will have an interest rate of 5.400% per annum and are being issued at a price equal to 99.455% of their face value.

The net proceeds of the offering are expected to be approximately $1,183.7 million, after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility, as further amended, and its $4.0 billion senior unsecured revolving credit facility, as amended and restated in December 2021, as further amended.

Barclays, Mizuho, RBC Capital Markets, Scotiabank, and TD Securities are acting as Joint Book-Running Managers for the offering.

This press release shall not constitute an offer to sell or a solicitation to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, you may request these documents by calling Barclays Capital Inc. at 1 (888) 603-5847, Mizuho Securities USA LLC at 1 (866) 271-7403, RBC Capital Markets, LLC at 1 (866) 375-6829, Scotia Capital (USA) Inc. at 1 (800) 372-3930 and TD Securities (USA) LLC at 1 (855) 495-9846.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations hub at www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth under the caption “Risk Factors” in Item 1A of its most recent annual report on Form 10-K, and other risks described in documents the Company subsequently files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

Adam Smith

Senior Vice President, Investor Relations and FP&A

Telephone: (617) 375-7500

Source: American Tower Corporation

FAQ

What are the interest rates for AMT's 2030 and 2035 senior notes offering?

The 2030 notes have a 5.000% interest rate, while the 2035 notes have a 5.400% interest rate.

How much is American Tower (AMT) raising in their latest notes offering?

American Tower is raising $1.2 billion total, consisting of two $600 million tranches of senior unsecured notes due in 2030 and 2035.

What will AMT use the proceeds from the 2024 notes offering for?

AMT will use the proceeds to repay existing debt under their $6.0 billion and $4.0 billion senior unsecured revolving credit facilities.

Which banks are managing American Tower's (AMT) 2024 notes offering?

Barclays, Mizuho, RBC Capital Markets, Scotiabank, and TD Securities are acting as Joint Book-Running Managers for the offering.

American Tower Corporation

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