American Tower (AMT) said in a regulatory filing Thursday that it is planning to offer 4.900% senior notes due 2030 and 5.350% senior notes due 2035.
The new notes will be combined with American Tower's existing notes of the same series, $650 million of 2030 notes, and $350 million of 2035 notes issued earlier in 2025, the company said, adding that it can choose to redeem the notes early, in whole or in part, by paying the applicable redemption price in cash.
The company said that net proceeds will be used to pay down debt under its 2021 multicurrency credit facility and 2021 credit facility, and for general corporate purposes. Until then, the funds may temporarily invest the funds in short-term securities, the company said.
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