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FWP
 filed this Form FWP on 12/05/2017
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FWP

Issuer Free Writing Prospectus

Filed pursuant to Rule 433

Registration Statement No. 333-211829

Final Term Sheet

AMERICAN TOWER CORPORATION

December 5, 2017

 

Issuer:

   American Tower Corporation (“AMT”)

Coupon:

  

3.000% Senior Notes due 2023 (the “2023 Notes”)

3.600% Senior Notes due 2028 (the “2028 Notes”)

Principal Amount:

  

2023 Notes: $700,000,000

2028 Notes: $700,000,000

Maturity Date:

  

2023 Notes: June 15, 2023

2028 Notes: January 15, 2028

Benchmark Treasury:

  

2023 Notes: 2.000% UST due November 30, 2022

2028 Notes: 2.250% UST due November 15, 2027

Benchmark Treasury Price and Yield:

  

2023 Notes: 99-09  14; 2.151%

2028 Notes: 99-00+; 2.362%

Spread to Benchmark Treasury:

  

2023 Notes: T + 90 basis points

2028 Notes: T + 130 basis points

Yield to Maturity:

  

2023 Notes: 3.051%

2028 Notes: 3.662%

Price to Public:

  

2023 Notes: 99.742%

2028 Notes: 99.476%

Ratings(1):

   Baa3 (Stable) / BBB- (Stable) / BBB (Stable) (Moody’s / S&P / Fitch)

Interest Payment Dates:

  

2023 Notes: Semi-annually on June 15 and December 15 of each year, commencing on June 15, 2018

 

2028 Notes: Semi-annually on January 15 and July 15 of each year, commencing on July 15, 2018

Make-whole Call:

  

2023 Notes: At greater of par and make-whole at discount rate of Treasury plus 15 basis points

 

2028 Notes: Prior to October 15, 2027 (three months prior to their maturity date), at greater of par and make-whole at discount rate of Treasury plus 20 basis points

Par Call:

  

2023 Notes: None

 

2028 Notes: At any time on or after October 15, 2027 (three months prior to their maturity date)

Trade Date:

   December 5, 2017

Settlement Date(2):

   December 8, 2017 (T+3)
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