{"success":true,"data":{"pressRelease":{"id":"139742","rtpr_id":"nBw6Gnt8qa-20260909","ticker":"AMT","exchange":"NYSE","all_tickers":["AMT"],"title":"American Tower Corporation Prices Senior Notes Offering","author":"Business Wire","published_at":"2026-09-09T21:28:00.139Z","article_body":"American Tower Corporation Prices Senior Notes Offering\n\nAmerican Tower Corporation (NYSE: AMT) today announced the pricing of its\nregistered public offering of senior unsecured notes due 2031, 2033 and 2036\nin aggregate principal amounts of $500.0 million, $500.0 million and $600.0\nmillion, respectively. The 2031 notes will have an interest rate of 5.300% per\nannum and are being issued at a price equal to 99.718% of their face value.\nThe 2033 notes will have an interest rate of 5.560% per annum and are being\nissued at a price equal to 99.776% of their face value. The 2036 notes will\nhave an interest rate of 5.750% per annum and are being issued at a price\nequal to 99.497% of their face value.\n\nThe net proceeds of the offering are expected to be $1,579.9 million, after\ndeducting underwriting discounts and estimated offering expenses. American\nTower intends to use the net proceeds to repay $600.0 million aggregate\nprincipal amount of its 1.450% senior notes due 2026, to repay existing\nindebtedness under its $6.0 billion senior unsecured multicurrency revolving\ncredit facility, and for general corporate purposes.\n\nJ.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets\nInc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. are acting as\nJoint Book-Running Managers for the offering.\n\nThis press release shall not constitute an offer to sell or a solicitation to\nbuy any securities, nor shall there be any sale of these securities in any\nstate or jurisdiction in which such an offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or jurisdiction. The offering was made only by means of a\nprospectus and related prospectus supplement, which may be obtained by\nvisiting the Securities and Exchange Commission’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54601470&newsitemid=20260909933334&lan=en-US&anchor=www.sec.gov&index=1&md5=b762a98df7e33a9d2eb96965076a55ea)\n. Alternatively, you may request these documents by calling J.P. Morgan\nSecurities LLC collect at 1-212-834-4533; BofA Securities, Inc. toll-free at\n1-800-294-1322; Citigroup Global Markets Inc. toll-free at 1-800-831-9146;\nMorgan Stanley & Co. LLC toll-free at 1-866-718-1649; or Scotia Capital\n(USA) Inc. toll-free at 1-800-372-3930.\n\nAbout American Tower\n\nAmerican Tower, one of the largest global REITs, is a leading independent\nowner, operator and developer of multitenant communications real estate with a\nportfolio of over 148,000 communications sites and a highly interconnected\nfootprint of U.S. data center facilities. For more information about American\nTower, please visit www.americantower.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.americantower.com&esheet=54601470&newsitemid=20260909933334&lan=en-US&anchor=www.americantower.com&index=2&md5=d2b734683b9e91cc1dd29e196520faf4)\n.\n\nCautionary Language Regarding Forward-Looking Statements\n\nThis press release contains “forward-looking statements” concerning the\nCompany’s goals, beliefs, expectations, strategies, objectives, plans,\nfuture operating results and underlying assumptions and other statements that\nare not necessarily based on historical facts. Actual results may differ\nmaterially from those indicated in the Company’s forward-looking statements\nas a result of various factors, including those factors set forth under the\ncaption “Risk Factors” in Item 1A of its most recent annual report on Form\n10-K, and other risks described in documents the Company subsequently files\nfrom time to time with the Securities and Exchange Commission. The Company\nundertakes no obligation to update the information contained in this press\nrelease to reflect subsequently occurring events or circumstances.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260909933334/en/\n(https://www.businesswire.com/news/home/20260909933334/en/)\n\nSpencer Kurn\n\nSenior Vice President, Investor Relations\n\nTelephone: (617) 375-7517\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw6Gnt8qa-20260909","title":"American Tower Corporation Prices Senior Notes Offering","author":"Business Wire","ticker":"AMT","created":"2026-09-09T21:28:00.139Z","tickers":["AMT"],"exchange":"NYSE","article_body":"American Tower Corporation Prices Senior Notes Offering\n\nAmerican Tower Corporation (NYSE: AMT) today announced the pricing of its\nregistered public offering of senior unsecured notes due 2031, 2033 and 2036\nin aggregate principal amounts of $500.0 million, $500.0 million and $600.0\nmillion, respectively. The 2031 notes will have an interest rate of 5.300% per\nannum and are being issued at a price equal to 99.718% of their face value.\nThe 2033 notes will have an interest rate of 5.560% per annum and are being\nissued at a price equal to 99.776% of their face value. The 2036 notes will\nhave an interest rate of 5.750% per annum and are being issued at a price\nequal to 99.497% of their face value.\n\nThe net proceeds of the offering are expected to be $1,579.9 million, after\ndeducting underwriting discounts and estimated offering expenses. American\nTower intends to use the net proceeds to repay $600.0 million aggregate\nprincipal amount of its 1.450% senior notes due 2026, to repay existing\nindebtedness under its $6.0 billion senior unsecured multicurrency revolving\ncredit facility, and for general corporate purposes.\n\nJ.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets\nInc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. are acting as\nJoint Book-Running Managers for the offering.\n\nThis press release shall not constitute an offer to sell or a solicitation to\nbuy any securities, nor shall there be any sale of these securities in any\nstate or jurisdiction in which such an offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or jurisdiction. The offering was made only by means of a\nprospectus and related prospectus supplement, which may be obtained by\nvisiting the Securities and Exchange Commission’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54601470&newsitemid=20260909933334&lan=en-US&anchor=www.sec.gov&index=1&md5=b762a98df7e33a9d2eb96965076a55ea)\n. Alternatively, you may request these documents by calling J.P. Morgan\nSecurities LLC collect at 1-212-834-4533; BofA Securities, Inc. toll-free at\n1-800-294-1322; Citigroup Global Markets Inc. toll-free at 1-800-831-9146;\nMorgan Stanley & Co. LLC toll-free at 1-866-718-1649; or Scotia Capital\n(USA) Inc. toll-free at 1-800-372-3930.\n\nAbout American Tower\n\nAmerican Tower, one of the largest global REITs, is a leading independent\nowner, operator and developer of multitenant communications real estate with a\nportfolio of over 148,000 communications sites and a highly interconnected\nfootprint of U.S. data center facilities. For more information about American\nTower, please visit www.americantower.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.americantower.com&esheet=54601470&newsitemid=20260909933334&lan=en-US&anchor=www.americantower.com&index=2&md5=d2b734683b9e91cc1dd29e196520faf4)\n.\n\nCautionary Language Regarding Forward-Looking Statements\n\nThis press release contains “forward-looking statements” concerning the\nCompany’s goals, beliefs, expectations, strategies, objectives, plans,\nfuture operating results and underlying assumptions and other statements that\nare not necessarily based on historical facts. Actual results may differ\nmaterially from those indicated in the Company’s forward-looking statements\nas a result of various factors, including those factors set forth under the\ncaption “Risk Factors” in Item 1A of its most recent annual report on Form\n10-K, and other risks described in documents the Company subsequently files\nfrom time to time with the Securities and Exchange Commission. The Company\nundertakes no obligation to update the information contained in this press\nrelease to reflect subsequently occurring events or circumstances.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260909933334/en/\n(https://www.businesswire.com/news/home/20260909933334/en/)\n\nSpencer Kurn\n\nSenior Vice President, Investor Relations\n\nTelephone: (617) 375-7517\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-09T21:28:00.178418923Z","server_sent_at_ms":1788989280178},"received_at":"2026-09-09T21:28:00.264Z","source_url":"https://www.businesswire.com/news/home/20260909933334/en/"},"analysis":{"id":"128578","press_release_id":"139742","analysis_json":{"industry":{"label":"Telecom Tower REITs","sector":"Real Estate"},"redFlags":["Refinancing $600.0M of 1.450% notes due 2026 with 5.300%-5.750% coupon debt materially raises interest expense","Part of proceeds directed to revolver paydown and general corporate purposes rather than growth investment"],"eventType":"debt_offering","narrative":"American Tower priced a registered public offering of senior unsecured notes in three tranches: $500.0 million due 2031 at 5.300%, $500.0 million due 2033 at 5.560%, and $600.0 million due 2036 at 5.750%, all issued slightly below par.\n\nNet proceeds are expected at $1,579.9 million, earmarked to repay $600.0 million of 1.450% senior notes due 2026, pay down indebtedness under the $6.0 billion multicurrency revolving credit facility, and fund general corporate purposes.\n\nThe refinancing rolls a cheap 2026 maturity into 5.300%-5.750% coupons, modestly increasing interest expense, with J.P. Morgan, BofA Securities, Citigroup, Morgan Stanley and Scotia Capital acting as joint book-running managers.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"AMT terms out $1.6B across 2031-2036 notes to refinance its 2026 maturity and revolver -- watch the step-up in interest cost versus legacy 1.45% coupons."},"keyFigures":{"customDimensions":{"notes_2031_coupon":"5.300%","notes_2033_coupon":"5.560%","notes_2036_coupon":"5.750%","aggregate_principal":"$500.0 million + $500.0 million + $600.0 million","refinanced_2026_notes":"$600.0 million at 1.450%","notes_2031_issue_price":"99.718% of face value","notes_2033_issue_price":"99.776% of face value","notes_2036_issue_price":"99.497% of face value","revolving_credit_facility_size":"$6.0 billion"}},"namedEntities":{"people":[{"name":"Spencer Kurn","role":"Senior Vice President, Investor Relations"}],"products":["Senior unsecured notes due 2031","Senior unsecured notes due 2033","Senior unsecured notes due 2036"],"companies":[{"name":"American Tower Corporation","ticker":"AMT","relationship":"issuer"},{"name":"J.P. Morgan Securities LLC","relationship":"joint book-running manager"},{"name":"BofA Securities, Inc.","relationship":"joint book-running manager"},{"name":"Citigroup Global Markets Inc.","relationship":"joint book-running manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"joint book-running manager"},{"name":"Scotia Capital (USA) Inc.","relationship":"joint book-running manager"}],"dollarAmounts":[{"amount":"$500.0 million","context":"2031 notes aggregate principal amount"},{"amount":"$500.0 million","context":"2033 notes aggregate principal amount"},{"amount":"$600.0 million","context":"2036 notes aggregate principal amount"},{"amount":"$1,579.9 million","context":"expected net proceeds after underwriting discounts and expenses"},{"amount":"$600.0 million","context":"1.450% senior notes due 2026 to be repaid with proceeds"},{"amount":"$6.0 billion","context":"senior unsecured multicurrency revolving credit facility"}]},"materialImpact":{"score":2,"reasoning":"Routine investment-grade debt refinancing for a mega-cap REIT: $1.6B of new senior notes priced across three tranches, with proceeds repaying a $600.0M 2026 maturity and revolver borrowings. It modestly raises interest expense (1.450% legacy coupons replaced with 5.300%-5.750%) but does not change strategy or liquidity outlook."},"tickerRelevance":{"others":[],"primary":"AMT"},"globalImportance":28,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap S&P 100 REIT","eventGravity":"routine debt refinancing / capital structure maintenance","issuerAuthored":true,"householdBrandBoost":false,"marketCapAdjustment":"large issuer offsets low event gravity"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"American Tower priced a registered public offering of senior unsecured notes in three tranches: $500.0 million due 2031 at 5.300%, $500.0 million due 2033 at 5.560%, and $600.0 million due 2036 at 5.750%, all issued slightly below par.\n\nNet proceeds are expected at $1,579.9 million, earmarked to repay $600.0 million of 1.450% senior notes due 2026, pay down indebtedness under the $6.0 billion multicurrency revolving credit facility, and fund general corporate purposes.\n\nThe refinancing rolls a cheap 2026 maturity into 5.300%-5.750% coupons, modestly increasing interest expense, with J.P. Morgan, BofA Securities, Citigroup, Morgan Stanley and Scotia Capital acting as joint book-running managers.","key_figures":{"customDimensions":{"notes_2031_coupon":"5.300%","notes_2033_coupon":"5.560%","notes_2036_coupon":"5.750%","aggregate_principal":"$500.0 million + $500.0 million + $600.0 million","refinanced_2026_notes":"$600.0 million at 1.450%","notes_2031_issue_price":"99.718% of face value","notes_2033_issue_price":"99.776% of face value","notes_2036_issue_price":"99.497% of face value","revolving_credit_facility_size":"$6.0 billion"}},"named_entities":{"people":[{"name":"Spencer Kurn","role":"Senior Vice President, Investor Relations"}],"products":["Senior unsecured notes due 2031","Senior unsecured notes due 2033","Senior unsecured notes due 2036"],"companies":[{"name":"American Tower Corporation","ticker":"AMT","relationship":"issuer"},{"name":"J.P. Morgan Securities LLC","relationship":"joint book-running manager"},{"name":"BofA Securities, Inc.","relationship":"joint book-running manager"},{"name":"Citigroup Global Markets Inc.","relationship":"joint book-running manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"joint book-running manager"},{"name":"Scotia Capital (USA) Inc.","relationship":"joint book-running manager"}],"dollarAmounts":[{"amount":"$500.0 million","context":"2031 notes aggregate principal amount"},{"amount":"$500.0 million","context":"2033 notes aggregate principal amount"},{"amount":"$600.0 million","context":"2036 notes aggregate principal amount"},{"amount":"$1,579.9 million","context":"expected net proceeds after underwriting discounts and expenses"},{"amount":"$600.0 million","context":"1.450% senior notes due 2026 to be repaid with proceeds"},{"amount":"$6.0 billion","context":"senior unsecured multicurrency revolving credit facility"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-09T21:28:41.675Z","global_importance":28,"audience_relevance":30,"importance_components":{"tickerTier":"mega-cap S&P 100 REIT","eventGravity":"routine debt refinancing / capital structure maintenance","issuerAuthored":true,"householdBrandBoost":false,"marketCapAdjustment":"large issuer offsets low event gravity"}},"durationMs":41401,"modelName":"glm-5.3-flash"}}