American Tower plans to draw on credit facility to redeem 7.25% notes

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – American Tower Corp. plans to use credit facility borrowings to fund part of its redemption of all of its outstanding 7.25% senior unsecured notes due 2019, according to a press release.

The company also plans to use cash on hand to fund the redemption of the notes on Feb. 10 at par plus a make-whole premium plus accrued interest to, but excluding, the redemption date.

American Tower is a telecommunications provider based in Boston.

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