American Tower (AMT) prices $1.3 billion senior notes.

American Tower Corp. (AMT) announced today that it has priced a two-part offering of senior unsecured notes.  The offering included:

• • • • $650 million 3.650% senior notes due 2027 and priced to yield +127 bp to the treasury curve.
      • $650 million 4.050% senior notes due 2032 and priced to yield +172 bp to the treasury curve.

The offering is scheduled to close on April 1, 2022, at which time proceeds will be used to repay revolving credit and term loan borrowings.

American Tower is an international owner of wireless cell tower properties with a total managed portfolio of approximately 218,000 communications sites. As of December 31, 2021, AMT had a total market capitalization of approximately $176 billion.

03/29/2022