AMERICAN TOWER REGISTERS SENIOR NOTES ON NYSE

TL;DR

**AMERICAN TOWER just registered a bunch of its senior notes on the NYSE, it's a routine compliance move.**

AI Summary

AMERICAN TOWER CORP /MA/ filed an 8-K on January 4, 2024, to register various series of its senior notes, including those due in 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, and 2033, on the New York Stock Exchange (XNYS). This filing indicates the company is ensuring its existing debt instruments are properly listed and traded, which is a routine compliance measure. For investors, this means the company is maintaining good standing with regulatory requirements regarding its debt, which can impact its ability to raise future capital and its overall financial stability.

Why It Matters

This filing ensures AMERICAN TOWER's senior notes are properly listed and traded, which is crucial for maintaining investor confidence and liquidity in its debt instruments.

Risk Assessment

Risk Level: low — This 8-K filing is a routine compliance update for existing debt instruments and does not introduce new financial risks or significant operational changes.

Analyst Insight

A smart investor would view this as a routine compliance update, indicating the company is managing its existing debt obligations properly. It doesn't signal new investment opportunities or risks, but rather confirms ongoing financial housekeeping.

Key Numbers

• 2025 — Senior Notes Due (Maturity year for one series of notes)
• 2026 — Senior Notes Due (Maturity year for another series of notes)
• 2027 — Senior Notes Due (Maturity year for multiple series of notes)
• 2028 — Senior Notes Due (Maturity year for a series of notes)
• 2029 — Senior Notes Due (Maturity year for a series of notes)
• 2030 — Senior Notes Due (Maturity year for a series of notes)
• 2031 — Senior Notes Due (Maturity year for a series of notes)
• 2032 — Senior Notes Due (Maturity year for a series of notes)

Key Players & Entities

• AMERICAN TOWER CORP /MA/ (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where the senior notes are listed
• January 4, 2024 (date) — date of the earliest event reported
• 001-14195 (dollar_amount) — Commission File Number
• 65-0723837 (dollar_amount) — I.R.S. Employer Identification No.

Forward-Looking Statements

• AMERICAN TOWER will continue to maintain its debt instruments in good regulatory standing. (AMERICAN TOWER CORP /MA/) — high confidence, target: 2025-01-01

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value AMT New York Stock Exchange
• $2.5 billion — 10 billion Indian Rupees (approximately $2.5 billion), including the repayment of existing i

Filing Documents

• amt-20240104.htm (8-K) — 50KB
• exhibit9912023lakshmi.htm (EX-99.1) — 8KB
• image_0a.jpg (GRAPHIC) — 21KB
• 0001053507-24-000003.txt ( ) — 322KB
• amt-20240104.xsd (EX-101.SCH) — 5KB
• amt-20240104_def.xml (EX-101.DEF) — 21KB
• amt-20240104_lab.xml (EX-101.LAB) — 46KB
• amt-20240104_pre.xml (EX-101.PRE) — 22KB
• amt-20240104_htm.xml (XML) — 13KB

01 Other Events

Item 8.01 Other Events. On January 4, 2024, American Tower Corporation (the "Company"), through its subsidiaries, ATC Asia Pacific Pte. Ltd. and ATC Telecom Infrastructure Private Limited ("ATC TIPL"), which holds the Company's operations in India, consistent with its previously disclosed exploration of strategic alternatives for the Company's operations in India, entered into an agreement with Data Infrastructure Trust ("DIT"), an infrastructure investment trust sponsored by an affiliate of Brookfield Asset Management, pursuant to which DIT will acquire 100% of the equity interests in ATC TIPL (the "Pending ATC TIPL Transaction"). The Company will retain the full economic benefit associated with the optionally convertible debentures issued by one of its customers in India, Vodafone Idea Limited, and rights to payments on certain existing customer receivables. Subject to certain pre-closing terms, total cash proceeds would potentially represent up to approximately 210 billion Indian Rupees (approximately $2.5 billion), including the repayment of existing intercompany debt and the repayment, or assumption, of the Company's existing term loan in India, by DIT. The Pending ATC TIPL Transaction is expected to close in the second half of 2024, subject to customary closing conditions, including government and regulatory approvals. A copy of the press release (the "Press Release") announcing entry into the Pending ATC TIPL Transaction is filed herewith as Exhibit 99.1, and is incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements, including statements regarding the consideration for the transaction and the closing of the transaction. Forward-looking statements can generally be identified by the use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "potential," "seek," "should," "think," "will," "would" and similar expressions, or they may use future dates. These forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time, and readers are therefore cautioned that actual results could differ materially from those expressed in any forward-looking statements. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, the Company refers the reader to the information contained in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as updated in its Form 10-Q for the six months ended June 30, 2023, each under the caption "Risk Factors" and in other filings the Company makes with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations .

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 4 , 202 4 . 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: January 5, 2024 By: /s/ Rodney M. Smith Rodney M. Smith Executive Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR