American Tower Prices $1.6B Senior Debt

American Tower Corporation priced a registered public offering of senior unsecured notes with an aggregate principal amount of $1.6 billion on 9 September 2026.

The debt sale includes three tranches. The company priced $500.0 million of five-year notes due September 2031 at 99.718% of face value with a 5.300% annual coupon. Another $500.0 million of seven-year notes due September 2033 carries a 5.560% coupon and priced at 99.776% of face value. A ten-year tranche of $600.0 million due September 2036 carries a 5.750% coupon and priced at 99.497% of face value.

Estimated underwriting discounts total $10.0 million. American Tower expects net proceeds of approximately $1579.9 million after deducting underwriting discounts and estimated offering expenses.

The company plans to use $600.0 million of the net proceeds to repay maturing senior notes that carry an interest rate of 1.450% and come due in 2026. The company also maintains a multicurrency revolving credit facility with a total borrowing capacity of $6.0 billion.