American Tower Corporation (NYSE: AMT) has announced its election to call for redemption all of its outstanding 5.900% senior unsecured notes due 2021, the company said.
The redemption date has been set for January 15, 2020. In accordance with the redemption provisions of the notes and the Indenture, dated as of May 13, 2010, as supplemented by the Supplemental Indenture No. 3, dated as of October 6, 2011, the notes will be redeemed at a price equal to the principal amount of the notes plus a make-whole premium calculated pursuant to the terms of the indenture, together with accrued and unpaid interest, if any, up to, but excluding, the redemption date.
The company intends to fund the redemption with borrowings under its senior unsecured revolving credit facility entered into in January 2012 and amended and restated in September 2014, as further amended.
American Tower, one of the largest global REITs, is a independent owner, operator and developer of multitenant communications real estate with a portfolio of over 171,000 communications sites. For more information about American Tower, visit www.americantower.com.