American Tower in $1.5 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered $450 million reopening of its 5.3% senior notes due 2031, $500 million reopening of its 5.56% senior notes due 2033, and $550 million reopening of its 5.75% senior notes due 2036, in each case, initially issued on September 14, 2026.

The offering was underwritten by a syndicate of investment banks led by TD Securities (USA) LLC, ING Financial Markets LLC, Mizuho Securities USA LLC, RBC Capital Markets LLC, and SMBC Nikko Securities America Inc. The transaction priced on November 9, 2026, and is expected to close on November 13, 2026.

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 147,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

The Cleary corporate team included partners Lesley Janzen and Francesca Odell and associates Stav Harel, Aditi Thakur, Julian Vleeschhouwer, and Yongho Chun.