American Tower prices USD 1.3 bln worth of notes

Tuesday 1 October 2019 | 09:17 CET | News
American Tower has priced a public offering of senior unsecured notes due 2027 and 2049, worth USD 750 million and USD 600 million, respectively. The 2027 notes will have an interest rate of 2.750 percent per annum while the 2049 notes will have an interest rate of 3.700 percent per annum. The total net proceeds, expected at USD 1.33 billion, will go towards paying back debt, including a multicurrency senior unsecured revolving credit facility entered into in June 2013 and an unsecured term loan entered into in February of this year.

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Categories: General
Companies: American Tower
Countries: World
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