American Tower Corporation announced the pricing of a registered public offering of senior unsecured notes in an aggregate principal amount of €500.0 million, approximately $562.0 million. These notes are due in 2032 and will carry an interest rate of 3.625% per annum, issued at 99.994% of their face value.
The net proceeds from this offering are expected to be approximately €496.8 million, or $558.4 million, after deducting underwriting discounts and estimated offering expenses. This capital raise demonstrates American Tower's continued access to international debt markets.
American Tower intends to use these net proceeds to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes. This strategic financing move aims to optimize the company's debt structure and enhance its overall financial flexibility.
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