American Tower’s €2.0 Billion Notes Offering

Cleary Gottlieb Steen & Hamilton LLP represented American Tower in the offering.

American Tower executed an SEC-registered offering of €750 million aggregate principal amount of 0.450% senior notes due 2027, €750 million aggregate principal amount of 0.875% senior notes due 2029 and €500 million aggregate principal amount of 1.250% senior notes due 2033. The notes are listed on the New York Stock Exchange. The transaction priced on May 18, 2021 and closed on May 21, 2021.

The offering was underwritten by a syndicate of investment banks led by Merrill Lynch International, J.P. Morgan Securities plc, Mizuho International plc, Morgan Stanley & Co. International plc and The Toronto-Dominion Bank.

American Tower owns, manages, develops and leases communication and broadcast tower sites in the United States and around the globe. American Tower began operating as a real estate investment trust (REIT) for federal income tax purposes effective January 1, 2012.

The Cleary corporate team advising American Tower on the Eurobond offering included partners Craig Brod (Picture) and Francesca Odell, associate Jeff Shim and law clerk Maria (Kiki) Manzur. Partner Corey Goodman and associate David Maranjian provided tax advice. Senior attorneys Catherine Taddei and Laura Prosperetti and associate Hannah Esslemont advised on AIFMD issues. Securities regulatory analyst Mark Hinds advised on NYSE listing matters. 

Involved fees earner: Craig Brod – Cleary Gottlieb Steen & Hamilton; Hannah Esslemont – Cleary Gottlieb Steen & Hamilton; Corey Goodman – Cleary Gottlieb Steen & Hamilton; David Maranjian – Cleary Gottlieb Steen & Hamilton; Francesca Odell – Cleary Gottlieb Steen & Hamilton; Laura Prosperetti – Cleary Gottlieb Steen & Hamilton; Jeff Shim – Cleary Gottlieb Steen & Hamilton; Catherine Taddei – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: American Tower;

Author: Martina Bellini