American Tower in $1.3 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $650 million aggregate principal amount of 3.65% senior notes due 2027 and $650 million aggregate principal amount of 4.05% senior notes due 2032.

The offering was underwritten by a syndicate of investment banks led by J.P. Morgan Securities LLC, BofA Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and SMBC Nikko Securities America Inc. The transaction priced on March 29, 2022, and closed on April 1, 2022.

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 over 220,000 communications sites and a highly interconnected footprint of U.S. data center facilities.