American Tower in €1.1 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of €600 million aggregate principal amount of 4.125% senior notes due 2027 and €500 million aggregate principal amount of 4.625% senior notes due 2031.

The offering was underwritten by a syndicate of investment banks led by Banco Santander, S.A., Merrill Lynch International, Morgan Stanley & Co. International plc, RBC Europe Limited, and Toronto-Dominion Bank. The transaction priced on May 9, 2023, and closed on May 16, 2023.

American Tower, one of the largest global REITs, is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities.