New Issue-American Tower sells $1 bln 7-year notes

Dec 2 (BestGrowthStock) – American Tower Corp (AMT.N: ) on Thursday
sold $1 billion of seven-year notes, said IFR, a Thomson
Reuters service.

The size of the deal was increased from an originally
planned $500 million.

Citi, Deutsche Bank, JP Morgan, and RBS were the joint
bookrunning managers for the sale.
BORROWER: AMERICAN TOWER CORP
AMT $1 BLN COUPON 4.50 PCT MATURITY 1/15/2018
TYPE SR NTS ISS PRICE 99.921 FIRST PAY 7/15/2011
MOODY’S Baa3 YIELD 4.512 PCT SETTLEMENT 12/7/2010
S&P BB-PLUS SPREAD 215 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS MORE THAN TREAS MAKE-WHOLE CALL 40 BPS

New Issue-American Tower sells $1 bln 7-year notes