American Tower Corporation (AMT) announced the pricing of a registered public offering of €750.0 million in aggregate principal amount of senior unsecured notes. The company expects to raise approximately €742.7 million in net proceeds from the offering.
Key Details
- Offering Terms: The notes, due in 2033, 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.
- Use of Proceeds: Net proceeds are intended to repay existing indebtedness, including amounts drawn under its revolving credit facility used to repay €500.0 million of its 1.950% senior notes due 2026, and for general corporate purposes.
- Principal Amount: The offering consists of an aggregate principal amount of €750.0 million (approximately $875.2 million).