American Tower talks $875 million two-part secured revenue notes; pricing Wednesday

By Aleesia Forni

Virginia Beach, May 20 – American Tower Corp. plans to sell $875 million of secured revenue notes (Aaa/AAA/) on Wednesday in tranches due 2020 and 2025, according to a source away from the trade.

The five-year notes are talked in the 85 basis points area over Treasuries, and the 10-year notes are talked in the Treasuries plus 120 bps to 125 bps range.

Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC are the bookrunners for the Rule 144A and Regulation S deal.

The owner and operator of communications towers is based in Boston.

© 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.