American Tower in $1.6 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $500 million aggregate principal amount of 5.3% senior notes due 2031, $500 million aggregate principal amount of 5.56% senior notes due 2033, and $600 million aggregate principal amount of 5.75% senior notes due 2036.

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 Scotia Capital (USA) Inc. The transaction priced on September 9, 2026, and is expected to close on September 14, 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 148,000 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, and Julian Vleeschhouwer, with assistance from associate Omelebele Edeoga.