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SEC Filings

424B2
 filed this Form 424B2 on 12/06/2017
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CAPITALIZATION

 

The following table shows our cash and cash equivalents and capitalization as of September 30, 2017:

 

   

on a historical basis;

 

   

on an “as adjusted” basis, after giving effect to the following: (i) the repurchase of 642,612 shares of our common stock for an aggregate purchase price of approximately $89.4 million, including commissions and fees, during the period from October 1, 2017 through December 4, 2017, pursuant to our previously announced stock repurchase program, (ii) the payment of approximately $445.0 million for acquisitions in the United States, (iii) the payment of approximately $487.1 million for an acquisition in Mexico and (iv) additional borrowings of $465.0 million and $615.0 million under the 2013 Credit Facility and the 2014 Credit Facility, respectively, which were primarily used to fund acquisitions; and

 

   

on an “as further adjusted” basis, after giving effect to the receipt of approximately $1,382.9 million in this offering, after deducting discounts and commissions payable to the underwriters and estimated expenses payable by us, and the use of the net proceeds to repay existing outstanding indebtedness, including approximately $345.7 million of the net proceeds to repay existing outstanding indebtedness under the 2013 Credit Facility and approximately $1,037.2 million of the net proceeds to repay existing outstanding indebtedness under the 2014 Credit Facility.

 

In addition, we have the ability to borrow additional amounts under the 2013 Credit Facility and the 2014 Credit Facility. You should read the capitalization table below in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and related notes, which are incorporated by reference in this prospectus supplement.

 

     As of September 30, 2017

 
     Historical

     As
Adjusted


     As Further
Adjusted


 
     (In thousands)  

Cash and cash equivalents (1)(2)

   $ 799,467      $ 858,005      $ 858,005  
    


  


  


Long-term debt, including current portion (3):

                          

American Tower Corporation debt:

                          

2013 Credit Facility

     1,959,896        2,424,896        2,079,167  

Term loan

     995,143        995,143        995,143  

2014 Credit Facility

     1,055,000        1,670,000        632,811  

3.40% senior notes due 2019

     999,813        999,813        999,813  

2.800% senior notes due 2020

     745,988        745,988        745,988  

5.050% senior notes due 2020

     697,853        697,853        697,853  

3.300% senior notes due 2021

     745,660        745,660        745,660  

3.450% senior notes due 2021

     644,761        644,761        644,761  

5.900% senior notes due 2021

     497,707        497,707        497,707  

2.250% senior notes due 2022

     576,984        576,984        576,984  

4.70% senior notes due 2022

     696,529        696,529        696,529  

3.50% senior notes due 2023

     990,470        990,470        990,470  

5.00% senior notes due 2024

     1,002,499        1,002,499        1,002,499  

1.375% senior notes due 2025

     579,406        579,406        579,406  

4.000% senior notes due 2025

     740,748        740,748        740,748  

4.400% senior notes due 2026

     495,538        495,538        495,538  

3.375% senior notes due 2026

     984,460        984,460        984,460  

3.125% senior notes due 2027

     396,980        396,980        396,980  

3.55% senior notes due 2027

     742,661        742,661        742,661  

3.000% senior notes due 2023 to be offered hereby (4)

     —          —          700,000  

3.600% senior notes due 2028 to be offered hereby (4)

     —          —          700,000  
    


  


  


Total American Tower Corporation debt

     15,548,096        16,628,096        16,645,178  

American Tower secured and other subsidiary debt:

                          

Secured Tower Revenue Securities, Series 2013-1A

     499,524        499,524        499,524  

Secured Tower Revenue Securities, Series 2013-2A

     1,291,451        1,291,451        1,291,451  

American Tower Secured Revenue Notes, Series 2015-1 Notes

     347,743        347,743        347,743  

American Tower Secured Revenue Notes, Series 2015-2 Notes

     519,932        519,932        519,932  

India indebtedness (5)

     528,768        528,768        528,768  

India preference shares (6)

     25,532        25,532        25,532  

Shareholder loans (7)

     102,804        102,804        102,804  

Other subsidiary debt (8)

     258,338        258,338        258,338  

Other debt, including capital lease obligations

     146,575        146,575        146,575  
    


  


  


Total American Tower subsidiary debt

     3,720,667        3,720,667        3,720,667  
    


  


  


Total long-term debt, including current portion

   $ 19,268,763      $ 20,348,763      $ 20,365,845  
    


  


  


 

S-13

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