American Tower in $2.3 Billion Notes Offering

June 13, 2019

Cleary Gottlieb represented American Tower Corp. (American Tower) in a SEC-registered offering of $650 million aggregate principal amount of 2.95% senior notes due 2025 and $1.65 billion aggregate principal amount of 3.8% senior notes due 2029.

The offering was underwritten by a syndicate of investment banks led by BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and SMBC Nikko Securities America Inc. The transaction priced on June 10, 2019, and closed on June 13, 2019.

American Tower owns, manages, develops, and leases communication and broadcast tower sites in the United States and around the globe. It began operating as a real estate investment trust (REIT) for federal income tax purposes effective January 1, 2012.