American Tower Corp. aims to issue an undisclosed amount of its senior notes due Jan. 15, 2027, and Oct. 15, 2049.
Interest on the 2027 notes will be paid semiannually every Jan. 15 and July 15, starting Jan. 15, 2020. Interest on the 2049 notes will be paid semiannually every April 15 and Oct. 15, commencing April 15, 2020.
The communications-focused real estate investment trust plans to use the net proceeds to repay existing debt and for general corporate purposes.
Barclays Capital Inc., Mizuho Securities USA LLC, RBC Capital Markets LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC are the joint book-running managers of the offering and representatives of the underwriters. U.S. Bank NA is the trustee.
