American Tower in $1.2 Billion Offering

Cleary Gottlieb represented American Tower Corporation (American Tower) in an SEC-registered offering of $600 million aggregate principal amount of 5% senior notes due 2030 and $600 million aggregate principal amount of 5.4% senior notes due 2035.

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 November 18, 2024, and closed on November 21, 2024.

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 over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.