American Tower plans two-part offering of notes via five bookrunners

By Devika Patel

Knoxville, Tenn., Dec. 5 – American Tower Corp. intends to price two tranches of senior notes, according to a 424B5 filed Tuesday with the Securities and Exchange Commission.

American Tower plans to offer fixed-rate notes due June 15, 2023 and fixed-rate notes due Jan. 15, 2028.

The 2023 notes will have a make-whole call, and the 2028 notes will have a make-whole call until Oct. 15, 2027 and then are callable at par.

BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. are the bookrunners.

Proceeds will be used to repay debt under the company’s 2013 credit facility and its 2014 credit facility and for general corporate purposes.

American Tower is a telecommunications provider based in Boston.

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