S&P rates American Tower notes BBB-

S&P said it assigned BBB- ratings to American Tower Corp.’s proposed senior unsecured notes due 2025, 2030 and 2050 (amount and allocations to be determined).

The company will use the proceeds to repay borrowings under its $3 billion multicurrency revolving credit facility due 2023 and $2.25 billion revolving credit facility due 2025 and for general corporate purposes.

“Our BBB- issuer credit rating and stable outlook on American Tower remain unchanged,” S&P said in a press release.

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