€750M 2033 notes to refinance debt at American Tower (NYSE: AMT)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
American Tower Corporation priced a registered public offering of senior unsecured notes due 2033 with an aggregate principal amount of €750.0 million. The notes carry a 4.000% annual interest rate and are being issued at 99.663% of face value.
Net proceeds are expected to be €742.7 million, which American Tower intends to use to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility, including amounts drawn in euros to repay €500.0 million of 1.950% senior notes due 2026, and for general corporate purposes.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2033 notes principal: €750.0 million
2033 notes interest rate: 4.000% per annum
Issue price: 99.663% of face value
+5 more
8 metrics
2033 notes principal
€750.0 million
Aggregate principal amount of senior unsecured notes due 2033
2033 notes interest rate
4.000% per annum
Coupon on senior unsecured notes due 2033
Issue price
99.663% of face value
Pricing of 2033 notes relative to par
Net proceeds
€742.7 million
Expected net proceeds after underwriting discounts and expenses
Dollar equivalent principal
$875.2 million
Approximate U.S. dollar equivalent of €750.0 million principal
Dollar equivalent net proceeds
$866.7 million
Approximate U.S. dollar equivalent of €742.7 million net proceeds
Revolving credit facility size
$6.0 billion
Senior unsecured multicurrency revolving credit facility capacity
2026 notes refinanced
€500.0 million at 1.950%
Aggregate principal and coupon of senior notes due 2026 targeted for repayment
Key Terms
senior unsecured notes, registered public offering, multicurrency revolving credit facility, joint book-running managers, +1 more
5 terms
senior unsecured notes financial
"registered public offering of senior unsecured notes due 2033 in an aggregate principal amount"
Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.
registered public offering regulatory
"announced the pricing of its registered public offering of senior unsecured notes due 2033"
A registered public offering is when a company files required documents with regulators to sell new shares or bonds to the general public, providing standardized financial and business information for transparency. For investors, it matters because it creates an opportunity to buy newly issued securities while often increasing market liquidity, but it can also dilute existing ownership and affect share price as supply and company funding needs change—think of a bakery baking extra loaves that can satisfy more customers but slightly reduces each owner's slice of the original batch.
multicurrency revolving credit facility financial
"its $6.0 billion senior unsecured multicurrency revolving credit facility, to the extent it has been drawn upon in euros"
joint book-running managers financial
"Mizuho International plc are acting as Joint Book-Running Managers for the offering"
Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.
forward-looking statements regulatory
"This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 19, 2026
AMERICAN TOWER CORPORATION
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
(Address of Principal Executive Offices) (Zip Code)
(617 ) 375-7500
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Item 8.01 Other Events.
On May 19, 2026, American Tower Corporation issued a press release (the “Press Release”) announcing that it had priced its registered public offering of senior unsecured notes due 2033 (the “2033 notes”) in an aggregate principal amount of 750.0 million euros.
The 2033 notes will have an interest rate of 4.000% per annum and are being issued at a price equal to 99.663% of their face value.
A copy of the Press Release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | Press Release, dated May 19, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN TOWER CORPORATION | |||||||||||
| (Registrant) | |||||||||||
| Date: | May 19, 2026 | By: | /s/ Rodney M. Smith | ||||||||
| Rodney M. Smith | |||||||||||
| Executive Vice President, Chief Financial Officer and Treasurer | |||||||||||
Exhibit 99.1
Contact: Spencer Kurn
Senior Vice President, Investor Relations
Telephone: (617) 375-7517
AMERICAN TOWER CORPORATION PRICES SENIOR NOTES OFFERING
BOSTON, MASSACHUSETTS - May 19, 2026 - American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2033 in an aggregate principal amount of €750.0 million (approximately $875.2 million). The 2033 notes will have an interest rate of 4.000% per annum and are being issued at a price equal to 99.663% of their face value.
The net proceeds of the offering are expected to be €742.7 million (approximately $866.7 million), after deducting underwriting discounts and estimated offering expenses. American Tower intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, to the extent it has been drawn upon in euros to repay €500.0 million aggregate principal amount of its 1.950% senior notes due 2026, and for general corporate purposes.
J.P. Morgan Securities plc, BNP PARIBAS, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Merrill Lynch International and Mizuho International plc are acting as Joint Book-Running Managers for the offering.
This press release shall not constitute an offer to sell or a solicitation to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement, which may be obtained by visiting the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, you may request these documents by calling J.P. Morgan Securities plc at +44-20 7134-2468 (non-U.S. investors) or J.P. Morgan Securities LLC collect at 1-212-834-4533 (U.S. investors), BNP PARIBAS at 1-800-854-5674, Citigroup Global Markets Limited at 1-800-831-9146, Crédit Agricole Corporate and Investment Bank at 1-866-807-6030, Merrill Lynch International at +44 (0)20 7995 3966 (non-U.S. investors) or 1-800-294-1322 (U.S. investors), or Mizuho International plc at +44 20 7248 3920.
About American Tower
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 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.
Cautionary Language Regarding Forward-Looking Statements
This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth under the caption “Risk Factors” in Item 1A of its most recent annual report on Form 10-K, and other risks described in documents the Company subsequently files from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
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FAQ
What did American Tower (AMT) announce in this 8-K filing?
American Tower announced it priced a registered public offering of senior unsecured notes due 2033 totaling €750.0 million. The filing outlines coupon, pricing, expected net proceeds and the intended use of those proceeds for debt repayment and general corporate purposes.
What are the key terms of American Tower’s new 2033 notes?
The new 2033 notes have an aggregate principal of €750.0 million, a fixed interest rate of 4.000% per annum, and are being issued at 99.663% of their face value. These terms determine the company’s future interest expense and investor yield.
How much does American Tower expect in net proceeds from the 2033 notes?
American Tower expects net proceeds of €742.7 million (approximately $866.7 million) after underwriting discounts and estimated expenses. This cash inflow will be used primarily to repay borrowings under its senior unsecured multicurrency revolving credit facility and other corporate needs.
How will American Tower use the proceeds from this notes offering?
American Tower intends to use the net proceeds to repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolving credit facility, where drawn in euros to refinance €500.0 million of 1.950% senior notes due 2026, and for general corporate purposes.
What is the relationship between the new 2033 notes and American Tower’s 2026 notes?
Part of the proceeds from the €750.0 million 2033 notes will repay revolver borrowings used to refinance €500.0 million of 1.950% senior notes due 2026. This effectively extends the maturity profile of a portion of American Tower’s euro-denominated debt.
Who managed American Tower’s 2033 notes offering?
J.P. Morgan Securities plc, BNP PARIBAS, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Merrill Lynch International and Mizuho International plc acted as joint book-running managers. They coordinated marketing, pricing and distribution of the 2033 senior unsecured notes.