American Tower to redeem 9 3/8% notes with proceeds from $250 million new notes

Pittsburgh, Sept. 27 - American Tower Corp. will use proceeds from its offering of $250 million of new senior notes to redeem a portion of its 9 3/8% senior notes due 2009, according to a company news release.

The offering is expected to close in early October, subject to market conditions, the release said.

American Tower is a Boston-based communications tower owner and operator.

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