American Tower calls $276 million of 9 3/8% notes

Pittsburgh, Oct. 5 - American Tower Corp. said it will redeem $276 million of its 9 3/8% senior notes due 2009 at par plus a premium and accrued interest, according to a company news release.

The redemption date is Nov. 4.

The company expects to record a $22 million fourth quarter pre-tax loss on retirement of long-term obligations, the release said.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.