Shearman & Sterling represented the underwriters, led by BofA Securities, Citigroup, Morgan Stanley and RBC Capital Markets in connection with American Tower Corporation’s offering of 9,900,000 shares of its common stock, including 900,000 additional shares pursuant to the underwriters’ option to cover over-allotments. The offering was upsized from the previously announced offering size of 8,500,000 shares.
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 187,000 communications sites, including wireless and broadcast towers located in the United States, Argentina, Australia, Brazil, Burkina Faso, Canada, Chile, Colombia, Costa Rica, France, Germany, Ghana, India, Kenya, Mexico, Niger, Nigeria, Paraguay, Peru, Poland, South Africa and Uganda. American Tower Corporation plans to use the proceeds to finance its pending acquisition of Telxius Telecom, S.A.’s European and Latin American tower divisions and to pay related fees and expenses.
The Shearman & Sterling team below included Stella Sun.