Summary
American Tower Corporation (AMT) announced on March 30, 2017, that it has priced a registered public offering of senior unsecured notes. The offering is for an aggregate principal amount of 500.0 million Euros and is due in 2025. These notes carry a coupon rate of 1.375% per annum and are being issued at a slight discount, priced at 98.642% of their face value. This action indicates the company's ongoing strategy to manage its capital structure and fund its operations through debt issuances, likely to support its infrastructure investments and growth initiatives.
Key Highlights
- 1AMT priced a public offering of 500.0 million Euros senior unsecured notes.
- 2The notes are due in 2025.
- 3The notes will bear an interest rate of 1.375% per annum.
- 4The notes were issued at a price of 98.642% of their face value.
- 5This filing relates to the pricing of the debt offering.
- 6The press release announcing the pricing is filed as an exhibit.