American Tower in $500 Million Offering
October 1, 2007
Cleary Gottlieb represented American Tower Corporation in a Rule 144A/Reg. S offering of $500 million 7.000% senior notes due October 15, 2017. The offering proceeds were used to repay an outstanding credit facility. The offering priced on September 24 and closed on October 1.
Cleary Gottlieb has represented American Tower in connection with prior financing transactions, including the repaid credit facility.
American Tower is a leading independent owner, operator and developer of broadcast and wireless communications sites. The company owns and operates over 22,000 sites in the United States, Mexico and Brazil. American Tower generally leases antenna space on its towers to wireless service providers, as well as radio and television broadcast companies.