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Wireless

American Tower enters new revolving credit facility

Monday 1 July 2013 | 16:00 CET | News
American Tower has announced it has entered into a new unsecured revolving credit facility, having upsized the facility from USD 1 billion to USD 1.5 billion. The new credit facility includes a USD 1 billion sublimit for multicurrency borrowings, a USD 200 million sublimit for letters of credit, and a USD 50 million sublimit for swing line loans. In addition, the new facility allows American Tower to borrow up to an aggregate additional USD 500 million from lenders that elect to make such loans available, upon the satisfaction of certain conditions. At closing, American Tower used cash on

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Categories: Mobile & Wireless
Companies: American Tower
Countries: United States
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