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American Tower to draw down on credit facilities for note redemption
By Wendy Van Sickle
Columbus, Ohio, March 21 – American Tower Corp. plans to draw down on its credit facilities to redeem its outstanding 5.05% senior notes due 2020, according to a company news release.
The notes will be redeemed on April 22 at par plus a make-whole premium plus accrued interest to but excluding the redemption date.
The company also plans to use cash on hand to fund the redemption.
American Tower is a telecommunications provider based in Boston.
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