American Tower calls 6.25% convertibles

New York, Feb. 4 - American Tower Corp. said it will redeem its $212.7 million outstanding principal amount of 6.25% convertible notes due 2009 on Feb. 24.

The Boston communications tower operator will pay 102.083% of par for the securities plus accrued interest.

Holders can convert the notes into stock at a price of $24.40 per share up to 5 p.m. ET Feb. 24. American Tower stock closed at $11.19 on Wednesday.

American Tower will use proceeds from its recent sale of $225 million 7½% senior notes due 2012 to finance the redemption.

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