American Tower to redeem all 2.8% notes due 2020 at par on May 11

By Sarah Lizee

Olympia, Wash., April 9 – American Tower Corp. plans to redeem all of its outstanding 2.8% senior notes due June 1, 2020 on May 11, according to a press release.

The redemption price will be par plus accrued interest up to but excluding the redemption date.

The redemption will be funded with borrowings under the company’s $2.25 billion senior unsecured revolving credit facility and cash on hand.

American Tower is a telecommunications provider based in Boston.

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