American Tower receives USD 750 mln credit facility

Tuesday 3 July 2012 | 06:04 CET | News
US mobile tower operator American Tower has signed a loan agreement in connection with its USD 750 million unsecured term loan credit facility. The company received net proceeds of approximately USD 746.4 million from the term loan, used approximately USD 632 million to repay certain existing indebtedness under one of the company's unsecured revolving credit facilities and will use the remainder for general corporate purposes. As a result, the company will have the capacity to borrow an aggregate of approximately USD 2 billion under its revolving credit facilities, net of any outstanding

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Categories: Mobile & Wireless
Countries: United States
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