American Tower has priced $1.5 billion of additional senior unsecured notes across three maturities: 2031, 2033 and 2036. The notes add to existing debt series with the same maturities and interest rates; the company expects net proceeds of $1.4749 billion.
- 2031 notes: $450 million of principal, carrying a 5.300% annual interest rate. They are priced at 99.387% of face value and will join the existing $500 million series of 5.300% notes due 2031.
- 2033 notes: $500 million of principal, carrying a 5.560% annual interest rate. They are priced at 99.369% of face value and will join the existing $500 million series of 5.560% notes due 2033.
- 2036 notes: $550 million of principal, carrying a 5.750% annual interest rate. They are priced at 98.986% of face value and will join the existing $600 million series of 5.750% notes due 2036.
- The existing notes were issued on September 14, 2026. The new notes will be combined with the corresponding existing series, so each maturity will trade as a single, fungible series.
- The issue prices are below face value. The stated interest rates are the notes’ coupon rates; the offering prices do not change those rates.
What changes: American Tower is adding $1.5 billion in principal to its senior unsecured debt, increasing the size of its 2031, 2033 and 2036 note series. The company expects $1.4749 billion in net proceeds. The announcement does not specify how the proceeds will be used.