American Tower Corporation Calls for Redemption All of Its Outstanding 5.900% Senior Notes
17 December 2019 - 8:30AM
Business Wire
American Tower Corporation (NYSE: AMT) today announced its
election to call for redemption all of its outstanding 5.900%
senior unsecured notes due 2021. The redemption date has been set
for January 15, 2020. In accordance with the redemption provisions
of the notes and the Indenture, dated as of May 13, 2010, as
supplemented by the Supplemental Indenture No. 3, dated as of
October 6, 2011, the notes will be redeemed at a price equal to the
principal amount of the notes plus a make-whole premium calculated
pursuant to the terms of the indenture, together with accrued and
unpaid interest, if any, up to, but excluding, the redemption date.
The Company intends to fund the redemption with borrowings under
its senior unsecured revolving credit facility entered into in
January 2012 and amended and restated in September 2014, as further
amended.
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 171,000
communications sites. For more information about American Tower,
please visit www.americantower.com.
Cautionary Language Regarding Forward-Looking
Statements
This press release contains “forward-looking statements”
concerning the Company’s goals, beliefs, expectations, strategies,
objectives, plans, future operating results and underlying
assumptions and other statements that are not necessarily based on
historical facts. Actual results may differ materially from those
indicated in the Company’s forward-looking statements as a result
of various factors, including those factors set forth in Item 1A of
its Form 10-K for the year ended December 31, 2018, as updated in
Part II, Item 1A of its Form 10-Q for the quarter ended September
30, 2019, under the caption “Risk Factors.” The Company undertakes
no obligation to update the information contained in this press
release to reflect subsequently occurring events or
circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20191216005730/en/
Igor Khislavsky Vice President, Investor Relations Telephone:
(617) 375-7500
American Tower (NYSE:AMT)
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