American Tower in $1.8 Billion Offering

September 27, 2021

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $600 million aggregate principal amount of 1.45% senior notes due 2026, $700 million aggregate principal amount of 2.3% senior notes due 2031, and a $500 million reopening of its 2.95% senior notes due 2051 initially issued on November 20, 2020.

The offering was underwritten by a syndicate of investment banks led by Barclays Capital Inc., BBVA Securities Inc., Mizuho Securities USA LLC, RBC Capital Markets LLC, and TD Securities (USA) LLC. The transaction priced on September 23, 2021, and closed on September 27, 2021.

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.