American Tower in $1.25 Billion Notes Offering
January 12, 2015
Cleary Gottlieb represented American Tower in an SEC-registered offering of $750 million aggregate principal amount of 3.300% senior notes due 2021 and $500 million aggregate principal amount of 4.400% senior notes due 2026. The offering was underwritten by a syndicate of investment banks led by BNP Paribas, Citigroup, J.P. Morgan, Merrill Lynch and Morgan Stanley. The transaction priced on January 8 and closed on January 12, 2016.
American Tower owns, manages, develops and leases communication and broadcast tower sites in the United States and around the globe. American Tower began operating as a real estate investment trust (REIT) for federal income tax purposes effective January 1, 2012.