$AMT · American Tower Corporation

American Tower Corporation filed a final term sheet on September 9, 2026, announcing the pricing of a public offering of senior notes. The offering consists of three series: $500 million of 5.300% senior notes due September 15, 2031, $500 million of 5.560% senior notes due September 15, 2033, and $600 million of 5.750% senior notes due September 15, 2036. The notes will pay interest semi-annually beginning March 15, 2027, and are expected to settle on September 14, 2026. The filing states the notes received ratings of Baa2 from Moody’s and BBB+ from both S&P and Fitch.

The company intends to use the net proceeds to repay $600 million of its 1.450% notes, repay existing indebtedness under its 2021 Multicurrency Credit Facility, and for general corporate purposes. After deducting underwriting discounts and estimated expenses, American Tower expects net proceeds of approximately $1.58 billion. The final term sheet supplements the preliminary prospectus supplement dated the same day and includes detailed pricing terms, benchmark Treasury spreads, and the underwriting syndicate.