American Tower in $1.3 Billion Offering

March 7, 2024

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $650 million aggregate principal amount of 5.2% senior notes due 2029 and $650 million aggregate principal amount of 5.45% senior notes due 2034.

The offering was underwritten by a syndicate of investment banks led by Citigroup Global Markets Inc., BofA Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and SMBC Nikko Securities America Inc. The transaction priced on March 4, 2024, and closed on March 7, 2024.

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 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.