American Tower Prices €750M 4.00% Senior Notes Due 2033
American Tower priced €750 million of senior notes due 2033 at a 4.00% coupon and 99.663% of face value, raising €742.7 million net. Proceeds will repay euro draws under its €6 billion revolving credit facility and retire €500 million of 1.95% notes due 2026, with funds for general corporate purposes.
1. Pricing of €750M 2033 Senior Notes
American Tower issued €750 million of senior unsecured notes maturing in 2033 with a 4.00% annual interest rate at 99.663% of face value, generating gross proceeds to optimize its debt structure.
2. Use of Proceeds and Debt Repayment
Net proceeds of €742.7 million will be applied to repay drawn amounts under its €6 billion revolving credit facility and retire €500 million of 1.95% notes due in 2026, with remaining funds allocated for general corporate purposes.
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