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American Tower prices €500M senior notes offering

Wireless tower real estate investment trust American Tower Corp. priced a €500.0 million registered public offering of its 1.950% senior unsecured notes due 2026, at 99.313% of their face value.

The offering is expected to generate net proceeds of roughly €493.2 million, which will be used to repay outstanding debt under the company's senior unsecured revolving credit facility.

Barclays Bank PLC, Banco Bilbao Vizcaya Argentaria SA, Citigroup Global Markets Ltd., J.P. Morgan Securities PLC and Merrill Lynch International are serving as joint book-running managers for the offering.