This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:American Tower Corporation Announces Completion of Redemption of Outstanding 7.125% Senior Notes 2009-11-13 17:00 ET - News Release BOSTON -- (Business Wire)
American Tower Corporation (NYSE: AMT) announced today that it has
completed its previously announced redemption of the remaining $500.0
million principal amount of its 7.125% senior notes due 2012. The
Company redeemed the notes pursuant to their terms at 101.781% of the
principal amount, plus accrued and unpaid interest up to, but excluding,
November 13, 2009. The total aggregate redemption price was
approximately $511.7 million, including approximately $2.8 million in
accrued interest. The Company financed the redemption with the net
proceeds from its offering of 4.625% senior notes due 2015.
American Tower is a leading independent owner, operator and developer of
broadcast and wireless communications sites. American Tower owns and
operates over 26,700 communications sites in the United States, Mexico,
Brazil and India. For more information about American Tower, please
visit www.americantower.com.
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