American Tower Corporation (NYSE: AMT) announced today that it has completed its previously announced redemption of all of its outstanding 4.500% senior unsecured notes due 2018. The Company redeemed the notes pursuant to their terms at 101.3510% of the principal amount, plus accrued and unpaid interest up to, but excluding, July 31, 2017. The total aggregate redemption price was approximately $1.02 billion, including $2.0 million in accrued interest. The Company financed the redemption with borrowings under its credit facility entered into in June 2013, as amended, and cash on hand. Upon completion of this redemption, none of the 4.500% notes remained outstanding.
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 approximately 148,000 communications sites. For more information about American Tower, please visit www.americantower.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170731006116/en/
Contacts:
Igor Khislavsky, 617-375-7500
Director,
Investor Relations
