AMERICAN TOWER CORP /MA/ (AMT) Form 8-K — Sep 14, 2026
American Tower Corporation completed a registered public offering of $1.6 billion aggregate principal of senior unsecured notes on September 14, 2026, split into $500.0 million of 5.300% notes due 2031, $500.0 million of 5.560% notes due 2033 and $600.0 million of 5.750% notes due 2036, generating net proceeds of approximately $1,579.9 million. The company intends to use the proceeds to repay $600.0 million of its 1.450% senior unsecured notes due 2026, repay borrowings under its $6.0 billion multicurrency revolving credit facility, and fund general corporate purposes, extending its maturity ladder into 2031, 2033 and 2036.
Key figures
- Debt Amount
- 1600000000
- Interest Rate
- 5.300% (2031 notes), 5.560% (2033 notes), 5.750% (2036 notes)
- Maturity Date
- September 15, 2031; September 15, 2033; September 15, 2036
- Repaid Debt
- $600.0 million aggregate principal of 1.450% senior unsecured notes due 2026
- Net Proceeds
- approximately $1,579.9 million after deducting commissions and estimated expenses
- Tranche 2031
- $500.0 million aggregate principal, 5.300% coupon
- Tranche 2033
- $500.0 million aggregate principal, 5.560% coupon
- Tranche 2036
- $600.0 million aggregate principal, 5.750% coupon
- Lien Covenant Cap
- 3.5x Adjusted EBITDA
- Change Of Control Put Price
- 101% of principal plus accrued and unpaid interest
- Purchase Money Lien Basket
- $500.0 million
- Revolving Credit Facility
- $6.0 billion senior unsecured multicurrency revolving credit facility (borrowings to be repaid)
- First Interest Payment Date
- March 15, 2027
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