American Tower Prices $600M Offering Of Notes
Stock quotes in this article:
AMT
BOSTON (AP) — Cellular tower operator American Tower Corp. has priced its latest offering of notes and said it expects net proceeds of $594.7 million from the debt offering.
The company said late Tuesday its institutional private placement of senior unsecured notes due April 2015 will have an annual interest rate of 4.625 percent and are being issued at 99.864 percent of their face value. The company plans to use the proceeds to finance the redemption of a previous debt offering. Any remaining proceeds will be used for general corporate purposes. Shares of American Tower closed Tuesday at $37.17.- Loading Comments...
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