American Tower (AMT) said Tuesday that it priced a $1 billion registered public offering of senior unsecured notes.
The company said it will issue $650 million of 4.9% senior unsecured notes due 2030 and $350 million of 5.35% notes due 2035.
Net proceeds are expected to be $988.9 million and will be used to repay its 2.4% senior unsecured notes due 2025 and debts under its $6 billion senior unsecured multicurrency revolving credit facility as well as general corporate purposes.
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