American Tower (AMT) said late Monday it priced a public offering of senior unsecured notes due in 2030 and 2035 in aggregate amounts of $600 million each.

The 2030 notes carry a 5% interest rate and were issued at 99.622% of face value, while the 2035 notes have a 5.4% interest rate and are issued at 99.455% of face value, the company said.

Net proceeds from the offering are expected to be about $1.18 billion, which will be used to pay down existing debt under revolving credit facilities, the company said.

Price: 199.00, Change: +0.16, Percent Change: +0.08