Cleary Gottlieb represented American Tower Corp. (American Tower) in an SEC-registered offering of $650 million aggregate principal amount of 3.375% senior notes due 2024 and $600 million aggregate principal amount of 3.95% senior notes due 2029.
The offering was underwritten by a syndicate of investment banks led by Barclays Capital Inc., Mizuho Securities USA LLC, RBC Capital Markets LLC, SG Americas Securities LLC, and TD Securities (USA) LLC. The transaction priced on March 12, 2019, and closed on March 15, 2019.
American Tower owns, manages, develops, and leases communication and broadcast tower sites in the United States and around the globe. It began operating as a real estate investment trust (REIT) for federal income tax purposes effective January 1, 2012