8-KOther EventsExhibits & Filings

AMERICAN TOWER CORP /MA/ 8-K Report, Corporate Update (Oct 4, 2011)

Filed October 4, 2011For Securities:AMT

Summary

American Tower Corporation (AMT) announced on October 4, 2011, the pricing of a $500 million public offering of senior unsecured notes due in 2021. These notes will carry an interest rate of 5.900% per annum and were issued at a slight discount to their face value, priced at 99.858% of par. This offering represents a strategic move by AMT to raise capital, likely for general corporate purposes, expansion, or debt refinancing. Investors in these notes are lending to the company with a medium-term maturity and a fixed coupon, providing a predictable income stream. The filing also includes supplemental indenture forms and a press release detailing the offering, offering transparency into the terms and conditions of this significant debt issuance.

Key Highlights

  • 1AMT priced a $500 million public offering of senior unsecured notes due 2021.
  • 2The notes carry a fixed interest rate of 5.900% per annum.
  • 3The offering price was 99.858% of the aggregate principal amount.
  • 4The earliest event reported was October 3, 2011, the pricing date.
  • 5The filing includes supplemental indenture forms and the press release announcing the offering.
  • 6Thomas A. Bartlett, EVP and Chief Financial Officer, signed the report.

Frequently Asked Questions

This 8-K filing is primarily to report the pricing of American Tower Corporation's $500 million offering of senior unsecured notes due 2021, providing key details about the transaction to investors.

The notes have an aggregate principal amount of $500 million, mature in 2021, and carry a fixed interest rate of 5.900% per annum. They were priced at 99.858% of their face value.

The filing does not explicitly state the use of proceeds, but typically, funds raised from such offerings are used for general corporate purposes, capital expenditures, potential acquisitions, or refinancing existing debt.

More details can be found in the press release dated October 4, 2011, which is filed as Exhibit 99.1 to this 8-K, and in the supplemental indenture forms (Exhibits 4.1 and 4.2).