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American Tower redeems senior notes for $539.6M

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American Tower redeems senior notes for $539.6M

American Tower Corp. closed the full redemption of its outstanding 5.900% senior unsecured notes due 2021 for a total price of approximately $539.6 million, including accrued interest of $6.0 million.

The communications real estate investment trust funded the redemption with borrowings under its $2.25 billion senior unsecured revolving credit facility.