American Tower Offers Senior Notes

Posted on: Thu, 22 Oct 2009 00:42:00 EDT


Symbols: AMT
Oct 22, 2009 (Close-Up Media via COMTEX) --
AMT | Quote | Chart | News | PowerRating -- American Tower announced that it intends to offer fixed rate senior unsecured notes due 2015 in an institutional private placement.

The Company intends to use the net proceeds from this proposed offering to finance the repurchase and/or redemption of certain of the Company's outstanding indebtedness, which may include the redemption of the Company's 7.125 percent senior notes due 2012. Any such redemption would be at a redemption price of 101.781 percent, plus accrued and unpaid interest up to but excluding the redemption date, pursuant to the terms of the 7.125 percent senior notes and the indenture under which they were issued.

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