American TowerCorp. plans to offer an undisclosed amount of two series of seniornotes.
The notes are due Jan. 15, 2022 and Jan. 15, 2027, respectively,with interest payable every Jan. 15 and July 15, starting in 2017.
The company aims to use the net proceeds to repay existingdebt, including debt under its term loan and 2014 credit facility due Jan. 29,2021, and its 2013 credit facility due June 28, 2019, as well as for generalcorporate purposes. Pending such uses, the company may invest the funds inshort-term marketable securities.
Citigroup Global Markets Inc., Credit Agricole Securities(USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & SmithInc. and Morgan Stanley & Co. LLC are the joint book-running managers.