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Stock impact report

American Tower Corporation Prices Senior Notes Offering

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE:AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2027 and 2030 in aggregate principal amounts of €500.0 million (approximately $584.2 million) and €500.0 million (approximately $584.2 million), respectively. The 2027 notes will have an interest rate of 0.400% per annum and are being issued at a price equal to 99.409% of their face value. The 2030 notes will have an interest rate of 0.950% per annum and are being issued at a price equal to 99.265% of their face value.The net proceeds of the offering are expected to be approximately €987.7 million (approximately $1,154.0 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, and its €1.1 billion unsecured Show less Read more
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