American Tower Corporation (NYSE: AMT) (the “Company”) today announced
the pricing of its registered public offering of senior unsecured notes
due 2020 and 2025, in aggregate principal amounts of $750.0 million and
$750.0 million, respectively. The 2020 notes will have an interest rate
of 2.800% per annum and are being issued at a price equal to 99.745% of
their face value. The 2025 notes will have an interest rate of 4.000%
per annum and are being issued at a price equal to 99.228% of their face
value. The net proceeds of the offering are expected to be approximately
$1,480.1 million, after deducting underwriting discounts and estimated
offering expenses. The Company intends to use the net proceeds to repay
existing indebtedness under its 2013 Credit Facility.
Barclays Capital Inc., Mizuho Securities USA Inc., RBC Capital Markets,
LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC
are acting as Joint Book-Running Managers for the offering.
This press release shall not constitute an offer to sell or a
solicitation to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus and
related prospectus supplement, which may be obtained by visiting the
Securities and Exchange Commission’s website at www.sec.gov.
Alternatively, you may request these documents by contacting Barclays
Capital Inc. at 1-888-603-5847, or e-mailing barclaysprospectus@broadridge.com,
Mizuho Securities USA Inc. at 1-866-271-7403, RBC Capital Markets, LLC
at 1-866-375-6829, or by e-mailing usdebtcapitalmarkets@rbccm.com,
Santander Investment Securities Inc. at 1-855-403-3636 or TD Securities
(USA) LLC at 1-800-263-5292.
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 over 87,000 communications sites.
Cautionary Language Regarding Forward-Looking Statements
This press release contains statements about future events and
expectations, or “forward-looking statements,” all of which are
inherently uncertain. The Company has based those forward-looking
statements on management’s current expectations and assumptions and not
on historical facts. Examples of these statements include, but are not
limited to, statements regarding the expectations of the dollar amount
to be received in net proceeds, the Company’s ability to complete the
offering and the Company’s expectations for the use of proceeds from the
offering. These forward-looking statements involve a number of risks and
uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated in such
forward-looking statements include market conditions for corporate debt
generally, for the securities of telecommunications companies and for
the Company’s indebtedness in particular. For other important factors
that may cause actual results to differ materially from those indicated
in the Company’s forward-looking statements, we refer you to the
information contained in the prospectus supplement for this offering and
Item 1A of the Form 10-K for the year ended December 31, 2014 under the
caption “Risk Factors” and in other filings the Company makes with the
Securities and Exchange Commission. The Company undertakes no obligation
to update the information contained in this press release to reflect
subsequently occurring events or circumstances.
Copyright Business Wire 2015