American Tower in $2 Billion Offering

June 3, 2020

Cleary Gottlieb represented American Tower Corp. (American Tower) in an SEC-registered offering of $500 million aggregate principal amount of 1.3% senior notes due 2025, $750 million aggregate principal amount of 2.1% senior notes due 2030, and $750 million aggregate principal amount of 3.1% senior notes due 2050.

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 June 1, 2020, and closed on June 3, 2020.

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.