American Tower Corporation (NYSE: AMT) today announced that it has
completed its previously announced redemption of all of its outstanding
5.050% senior unsecured notes due 2020. The Company redeemed the notes
pursuant to their terms at 103.0050% of the principal amount, plus
accrued and unpaid interest up to, but excluding, April 22, 2019. The
total aggregate redemption price was approximately $726.0 million,
including $5.0 million in accrued interest. The Company financed the
redemption with borrowings under its amended and restated credit
facility entered into in September 2014, as further amended, and cash on
hand. Upon completion of this redemption, none of the 5.050% notes
remained outstanding.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant communications
real estate with a portfolio of approximately 171,000 communications
sites. For more information about American Tower, please visit www.americantower.com.
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