American Tower to redeem 6.25% convertibles

New York, Jan. 26 - American Tower Corp. said it plans to redeem its outstanding $212.7 million principal amount of 6.25% convertible notes due 2009 with proceeds of a planned offering of $225 million senior notes due 2012.

Remaining proceeds will be used to repurchase other outstanding notes, the Boston communications tower operator said in a news release.

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