Shearman And Sterling

News Feb 11, 2014

Shearman & Sterling Advises on American Tower Corporation’s $750 Million Senior Notes Offering

Shearman & Sterling represented Barclays Capital Inc., Goldman, Sachs & Co., RBC Capital Markets, LLC, RBS Securities Inc. and TD Securities (USA) LLC as representatives of the several underwriters in connection with an offering of $250 million aggregate principal amount of 3.40% Senior Notes due 2019 and $500 million aggregate principal amount of 5.00% Senior Notes due 2024 by American Tower Corporation. The offering was a reopening of American Tower Corporation’s $750 million 3.40% Senior Notes due 2019 and $250 million 5.00% Senior Notes due 2024 issued on August 19, 2013. American Tower Corporation intends to use the proceeds to repay existing indebtedness it incurred under credit facilities, which have been used to fund recent acquisitions.

American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate with a portfolio of over 66,000 communications sites, including wireless and broadcast towers located in the United States, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana, India, Mexico, Panama, Peru, South Africa and Uganda.

The Shearman & Sterling team included partners Robert Evans (New York-Capital Markets), Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory), and Philip Urofsky (Washington, DC-Litigation); counsel Eileen O’Pray (Palo Alto-Tax) and Jeff Salinger (New York-Environmental); and associates Shihani Soysa (New York-Capital Markets), Andrew Vinci (New York-Capital Markets), Joe Tucci (Palo Alto-Tax), Laura Mulry (New York-Environmental) and Leo Wong (New York-Corporate Group).