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Wireless

American Tower borrows USD 700 mln in credit facility

Wednesday 1 February 2012 | 09:25 CET | News
US mobile tower operator American Tower has signed a loan agreement in connection with its USD 1 billion unsecured revolving credit facility. At closing, American Tower borrowed USD 700 million under this new credit facility and used the proceeds, together with USD 625 million in borrowings from its USD 1 billion unsecured revolving credit facility entered into in April 2011 and cash on hand, to repay all amounts outstanding and accrued interest and related fees under its existing USD 1.25 billion unsecured revolving credit facility and USD 325 million term loan. The new credit facility has a

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Categories: Mobile & Wireless
Countries: United States
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