BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2025 and 2029, in aggregate principal amounts of $650.0 million and $1.65 billion, respectively. The 2025 notes will have an interest rate of 2.950% per annum and are being issued at a price equal to 99.188% of their face value. The 2029 notes will have an interest rate of 3.800% per annum and are being issued at a price equal to 99.599% of their face value. The net proceeds of the offering are expected to be approximately $2,269.0 million, after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness under its multicurrency senior unsecured revolving credit facility entered into in June 2013, as amended, and its senior unsecured revolving credit facility entered into in January 2012, as amended and restated in September 2014, as further amended.

BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley and SMBC Nikko are acting as Joint Book-Running Managers for the offering.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 170,000 communications sites.