On September 9, 2026, American Tower Corporation announced the pricing of a registered public offering of senior unsecured notes. The company priced three series of notes with different maturity dates and interest rates.
The offering consists of the following:
- $500.0 million of senior unsecured notes due 2031, bearing an interest rate of 5.300% per annum and issued at a price of 99.718% of face value.
- $500.0 million of senior unsecured notes due 2033, bearing an interest rate of 5.560% per annum and issued at a price of 99.776% of face value.
- $600.0 million of senior unsecured notes due 2036, bearing an interest rate of 5.750% per annum and issued at a price of 99.497% of face value.
The aggregate principal amount of the notes is $1.6 billion. After deducting underwriting discounts and estimated offering expenses, the net proceeds are expected to be approximately $1,579.9 million.
According to the company, the net proceeds will be used to repay $600.0 million of its 1.450% senior notes due 2026, repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility, and for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and Scotia Capital (USA) Inc. are serving as Joint Book-Running Managers for the offering.
