American Tower aims to price two-tranche sale of notes due 2022, 2027

By Devika Patel

Knoxville, Tenn., Sept. 28 – American Tower Corp. intends to price two tranches of senior notes, according to a 424B5 filed Wednesday with the Securities and Exchange Commission.

American Tower plans to offer fixed-rate senior notes due Jan. 15, 2022 and fixed-rate senior notes due Jan. 15, 2027.

The notes will have a make-whole call to a par call date and then are callable at par.

BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Agricole CIB, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to repay debt under the company’s term loan, its 2013 credit facility and/or its 2014 credit facility and for general corporate purposes.

American Tower is a telecommunications provider based in Boston.

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