American Tower Prices $750M in Debt to Repay Revolver

6/27/17

By Jason Aycock, SeekingAlpha

American Tower (AMT +2.5%) has priced a $750M offering of senior debt.

The company's placing that amount in senior unsecured notes due 2027, bearing interest at 3.55%/year. They're being issue at 99.773% of face value.

Net proceeds of about $741.8M will repay outstanding indebtedness under its senior unsecured revolving facility.

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