American Tower (AMT) said late Monday it priced a public offering of senior unsecured notes due in 2030 and 2035 in aggregate amounts of $600 million each.
The 2030 notes carry a 5% interest rate and were issued at 99.622% of face value, while the 2035 notes have a 5.4% interest rate and are issued at 99.455% of face value, the company said.
Net proceeds from the offering are expected to be about $1.18 billion, which will be used to pay down existing debt under revolving credit facilities, the company said.
Price: 199.00, Change: +0.16, Percent Change: +0.08
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments