American Tower in $1.5 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $700 million aggregate principal amount of 5.5% senior notes due 2028 and $800 million aggregate principal amount of 5.65% senior notes due 2033.

The offering was underwritten by a syndicate of investment banks led by Barclays Capital Inc., Mizuho Securities USA LLC, RBC Capital Markets LLC, Scotia Capital (USA) Inc., and TD Securities (USA) LLC. The transaction priced on February 28, 2023, and closed on March 3, 2023.

American Tower, one of the largest global REITs, is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 225,000 communications sites and a highly interconnected footprint of U.S. data center facilities.