American Tower (NYSE:AMT) has priced $1.4B in debt, in two tranches.

The company priced $700M in senior unsecured notes due 2023 at 3%, issued at 99.742% of face value, and $700M in 2028 notes at 3.6%, issued at 99.476% of face.

Net proceeds of about $1.383B will go to pay existing indebtedness, including its senior unsecured revolving credit.

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