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American Tower to repay some unsecured term debt with bond proceeds
By Sara Rosenberg
New York, Sept. 24 - American Tower Corp. plans to repay a portion of its senior unsecured term loan using proceeds from a proposed $250 million 10-year fixed-rate senior unsecured notes offering, according to a company news release.
The notes offering is expected to close in late September, subject to market conditions.
American Tower is a Boston-based owner, operator and developer of broadcast and wireless communications sites.
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