American Tower to repay indebtedness under revolver, term loan

By Taylor Fox

New York, Sept. 10 – American Tower Corp. plans to repay existing indebtedness under its $3.1 billion senior unsecured multicurrency revolving credit facility and its $1.19 billion unsecured term loan, according to an 8-K filing with the Securities and Exchange Commission.

The repayment will be funded using proceeds of a €750 million offering of 0.5% notes and a €650 million offering of 1% notes.

Any remaining proceeds will be used for general corporate purposes.

American Tower is a telecommunications provider based in Boston.

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