American Tower draws on facility to fund $1.02 billion note redemption

By Angela McDaniels

Tacoma, Wash., July 31 – American Tower Corp. drew on its credit facility and used cash on hand to redeem its 4.5% senior notes due 2018 on July 31, according to a company news release.

The total aggregate redemption price was about $1.02 billion, including $2 million of accrued interest.

The company paid 101.351% of par plus accrued interest up to but excluding the redemption date.

American Tower is a telecommunications provider based in Boston.

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