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SEC Filings

424B2
 filed this Form 424B2 on 12/06/2017
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Table of Contents

The Offering

 

Issuer

American Tower Corporation, a Delaware corporation.

 

Securities Offered

$700.0 million aggregate principal amount of 3.000% Senior Notes due 2023 and $700.0 million aggregate principal amount of 3.600% Senior Notes due 2028.

 

Maturity Date

June 15, 2023 in the case of the 2023 notes.
  January 15, 2028 in the case of the 2028 notes.

 

Interest Payments

June 15 and December 15 of each year, beginning on June 15, 2018, in the case of the 2023 notes. January 15 and July 15 of each year, beginning on July 15, 2018, in the case of the 2028 notes. Interest will accrue from December 8, 2017.

 

Ranking

The notes will be general, unsecured obligations and will rank equally in right of payment with all of our other senior unsecured debt obligations. As of September 30, 2017, after giving effect to the transactions described under “Capitalization,” we would have had approximately $16.6 billion of senior unsecured indebtedness outstanding. In addition, we would have had approximately $2.0 billion in aggregate undrawn loan commitments under our senior unsecured revolving credit facility entered into in June 2013, as amended (the “2013 Credit Facility”), and our senior unsecured revolving credit facility entered into in January 2012 and amended and restated in September 2014, as further amended (the “2014 Credit Facility”), net of approximately $11.0 million of outstanding undrawn letters of credit.

 

  The notes will be structurally subordinated to all existing and future indebtedness and other obligations of our subsidiaries. Our subsidiaries are not guarantors of the notes. As of September 30, 2017, after giving effect to the transactions described under “Capitalization,” our subsidiaries would have had approximately $3.7 billion of total debt obligations (excluding intercompany obligations), including:

 

   

$1.8 billion in secured tower revenue securities ($1,800.0 million principal amount due at maturity, net of $9.0 million unamortized deferred financing fees) backed by the debt of two special purpose subsidiaries, which is secured primarily by mortgages on those subsidiaries’ interests in 5,179 broadcast and wireless communications towers and the related tower sites;

 

   

$867.7 million in secured revenue notes ($875.0 million principal amount due at maturity, net of $7.3 million unamortized deferred financing fees) secured by the issuer’s and its subsidiaries’ interests in 3,584 communications sites;

 

   

$69.2 million of South African Rand (“ZAR”) denominated secured debt (938.2 million ZAR) ($69.8 million principal amount due at

 

 

S-2

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