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American Tower to redeem 5.050% senior notes

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American Tower to redeem 5.050% senior notes

American Tower Corp. plans to redeem its entire outstanding 5.050% senior unsecured notes due 2020.

The communications real estate investment trust will redeem the notes April 22 at a price equal to the principal amount of the notes plus a make-whole premium and the applicable accrued and unpaid interest.

The REIT said it will use cash on hand and borrowings under its credit facilities to finance the redemption.