American Tower Corporation (NYSE: AMT) has completed its previously announced redemption of all of its outstanding 5.900% senior unsecured notes due 2021, the company said.
The company redeemed the notes pursuant to their terms at 106.7090% of the principal amount, plus accrued and unpaid interest up to, but excluding, January 15, 2020. The total aggregate redemption price was approximately USD 539.6 million, including USD 6.0 million in accrued interest.
The company financed the redemption with borrowings under its USD 2.25 billion senior unsecured revolving credit facility, as amended and restated in December 2019, and cash on hand. Upon completion of this redemption, none of the 5.900% notes remained outstanding.
American Tower, one of the largest global REITs, is a independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 179,000 communications sites. For more information about American Tower, visit www.americantower.com.