American Tower to price $250 million eight-year notes

By Paul A. Harris

St. Louis, Sept. 27 - American Tower Corp. plans to price $250 million of eight-year senior notes on Tuesday afternoon, according to a market source.

The Rule 144A deal, which is being led by Credit Suisse First Boston, will be marketed via an investor conference call Tuesday morning.

The notes will come with four years of call protection.

Proceeds will be used to redeem a portion of the company's 9 3/8% senior notes due 2009.

American Tower is a Boston-based communications tower company.

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