American Tower Corp. Files 8-K on Senior Notes Agreements
Ticker: AMT · Form: 8-K · Filed: May 29, 2024 · CIK: 1053507
| Field | Detail |
|---|---|
| Company | American Tower Corp /Ma/ (AMT) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $1,074.2 million, $1, $6.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, notes
Related Tickers: AMT
TL;DR
AMT just filed an 8-K about their senior notes – new debt obligations incoming.
AI Summary
On May 29, 2024, American Tower Corp. (MA) entered into a material definitive agreement related to its senior notes. This filing also indicates the creation of a direct financial obligation for the registrant, specifically concerning its senior notes due in various years up to 2031.
Why It Matters
This filing signals new or modified debt obligations for American Tower Corp., which could impact its financial structure and future borrowing capacity.
Risk Assessment
Risk Level: low — The filing pertains to routine debt issuance and does not indicate any unusual financial distress or significant negative events.
Key Numbers
- 2025 — Senior Notes Maturity (Indicates a debt obligation maturing in 2025.)
- 2026 — Senior Notes Maturity (Indicates a debt obligation maturing in 2026.)
- 2027 — Senior Notes Maturity (Indicates multiple debt obligations maturing in 2027.)
- 2028 — Senior Notes Maturity (Indicates a debt obligation maturing in 2028.)
- 2029 — Senior Notes Maturity (Indicates a debt obligation maturing in 2029.)
- 2030 — Senior Notes Maturity (Indicates a debt obligation maturing in 2030.)
- 2031 — Senior Notes Maturity (Indicates a debt obligation maturing in 2031.)
Key Players & Entities
- AMERICAN TOWER CORP /MA/ (company) — Filer
- 0001053507 (company) — Central Index Key
- 20240529 (date) — Filing Date
- amt:A1375SeniorNotesDue2025Member (dollar_amount) — Senior Notes Due 2025
- amt:A1950SeniorNotesDue2026Member (dollar_amount) — Senior Notes Due 2026
- amt:A0450SeniorNotesDue2027Member (dollar_amount) — Senior Notes Due 2027
- amt:A0400SeniorNotesDue2027Member (dollar_amount) — Senior Notes Due 2027
- amt:A4125SeniorNotesDue2027Member (dollar_amount) — Senior Notes Due 2027
- amt:A0500SeniorNotesDue2028Member (dollar_amount) — Senior Notes Due 2028
- amt:A0875SeniorNotesDue2029Member (dollar_amount) — Senior Notes Due 2029
FAQ
What specific material definitive agreement did American Tower Corp. enter into on May 29, 2024?
The filing indicates the agreement is related to its senior notes, creating a direct financial obligation for the registrant.
What is the total principal amount of the senior notes being issued or modified?
The filing does not specify the total principal amount of the senior notes in this 8-K.
What are the interest rates associated with these senior notes?
The filing lists various senior notes with different coupon rates (e.g., A1375, A1950, A0450), but the specific rates are not detailed in this summary.
Are these new notes being issued, or are existing notes being refinanced or amended?
The filing suggests the creation of a direct financial obligation, which could encompass new issuance, refinancing, or amendments to existing debt.
What is the purpose of these senior notes?
The filing does not explicitly state the purpose of these senior notes.
Filing Stats: 1,519 words · 6 min read · ~5 pages · Grade level 10.2 · Accepted 2024-05-29 16:15:59
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMT New York Stock Exchan
- $1,074.2 million — mately 988.4 million EUR (approximately $1,074.2 million at the EUR/U.S. dollar exchange rate of
- $1 — U.S. dollar exchange rate of 1.00 EUR = $1.0869, as reported by Bloomberg on May 1
- $6.0 billion — o repay existing indebtedness under its $6.0 billion senior unsecured multicurrency revolvin
Filing Documents
- d835521d8k.htm (8-K) — 50KB
- d835521dex41.htm (EX-4.1) — 218KB
- d835521dex51.htm (EX-5.1) — 13KB
- g835521img01.jpg (GRAPHIC) — 30KB
- g835521img02.jpg (GRAPHIC) — 9KB
- 0001193125-24-149168.txt ( ) — 606KB
- amt-20240529.xsd (EX-101.SCH) — 6KB
- amt-20240529_def.xml (EX-101.DEF) — 17KB
- amt-20240529_lab.xml (EX-101.LAB) — 29KB
- amt-20240529_pre.xml (EX-101.PRE) — 18KB
- d835521d8k_htm.xml (XML) — 17KB
Financial Statements and Exhibits
Financial Statements and Exhibits. A copy of the opinion of Cleary Gottlieb Steen & Hamilton LLP relating to the legality of the issuance by the Company of the Notes is attached as Exhibit 5.1 hereto. (d) Exhibits Exhibit No. Description 4.1 Supplemental Indenture No. 6, dated as of May 29, 2024, by and among American Tower Corporation, U.S. Bank Trust Company, National Association, as trustee, and Elavon Financial Services DAC, UK Branch, as paying agent. 5.1 Opinion of Cleary Gottlieb Steen & Hamilton LLP. 23.1 Consent of Cleary Gottlieb Steen & Hamilton LLP (included in Exhibit 5.1 hereto). 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 29, 2024 By: /s/ Rodney M. Smith Rodney M. Smith Executive Vice President, Chief Financial Officer and Treasurer