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American Tower amends revolvers, term loan

American Tower Corp. amended its existing multicurrency senior unsecured revolving credit facility to boost the commitment to $3.0 billion and to lift the maximum revolving loan commitment to $5.0 billion.

The communications-focused real estate investment trust also amended its existing senior unsecured revolver to boost the commitment to $2.25 billion and to increase the revolving loan commitment to $3.75 billion.

The company also amended its existing unsecured term loan to lift the maximum commitment to $2.25 billion.

The maturity dates of the multicurrency revolver, senior unsecured revolver and term loan were also extended by one year to June 28, 2023; Jan. 31, 2025; and Jan. 31, 2025, respectively, while the interest coverage ratio financial covenant as defined in each of the loans was removed.

Toronto Dominion (Texas) LLC is the administrative agent for the multicurrency revolver and senior unsecured revolver, while Mizuho Bank Ltd. is the administrative agent for the term loan.