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American Tower Corp.

American Tower Corporation Prices Registered Public Offering of Senior Unsecured Notes

Strategic Insights

— 2 min read

American Tower Corporation, a leading independent owner, operator, and developer of multitenant communications real estate, announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $200.0 million and $375.0 million, respectively. The company intends to use the net proceeds to repay existing indebtedness under its $4.0 billion senior unsecured revolving credit facility and for general corporate purposes.

The offering consists of two tranches: $200.0 million in senior unsecured notes due 2030 with an interest rate of 4.900% per annum, and $375.0 million in senior unsecured notes due 2035 with an interest rate of 5.350% per annum. The notes will be consolidated, form a single series, and be fully fungible with the company's outstanding notes of similar terms and maturities.

Key Takeaways:

  • American Tower Corporation has priced a registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $200.0 million and $375.0 million, respectively.
  • The company intends to use the net proceeds to repay existing indebtedness under its $4.0 billion senior unsecured revolving credit facility and for general corporate purposes.
  • The offering consists of two tranches: $200.0 million in senior unsecured notes due 2030 with an interest rate of 4.900% per annum, and $375.0 million in senior unsecured notes due 2035 with an interest rate of 5.350% per annum.
  • The notes will be consolidated, form a single series, and be fully fungible with the company's outstanding notes of similar terms and maturities.
  • American Tower intends to use the net proceeds to repay existing indebtedness as part of its capital allocation strategy.
  • The net proceeds from the offering are expected to be approximately $587.8 million, after deducting underwriting discounts and estimated offering expenses.
  • BBVA Securities Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are acting as Joint Book-Running Managers for the offering.

Statistics:

  • Aggregate principal amount of $575.0 million for the senior unsecured notes due 2030 and 2035.
  • Gross proceeds of $575.0 million (2030 notes: $200.0 million + 2035 notes: $375.0 million).
  • Net proceeds of $587.8 million, after deducting underwriting discounts and estimated offering expenses.
  • Face value of the 2030 notes: $200.0 million (at 102.452% of face value).
  • Face value of the 2035 notes: $375.0 million (at 103.567% of face value).
  • Interest rate of 4.900% per annum for the 2030 notes.
  • Interest rate of 5.350% per annum for the 2035 notes.

Sources:

  • American Tower Corporation (2025-09-11). American Tower Corporation Prices Registered Public Offering of Senior Unsecured Notes. Retrieved from http://investor.americantower.com/news-and-events/press-releases/detail/32/american-tower-corporation-prices-registered-public-offering
  • American Tower Corporation (2025-09-11). Form 8-K. Retrieved from https://www.sec.gov/Archives/edgar/data/1053507/00010535072025-000009.html

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