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News May 07, 2015

Shearman & Sterling Advises Underwriters in American Tower Corporation’s $1.5 Billion Senior Notes Offering

Shearman & Sterling represented Barclays, Mizuho Securities, RBC Capital Markets, Santander and TD Securities as representatives of the several underwriters in connection with offerings of $750 million aggregate principal amount of 2.800% Senior Notes due 2020 and $750 million aggregate principal amount of 4.000% Senior Notes due 2025.

American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate with a portfolio of approximately 87,000 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. American Tower Corporation plans to use the proceeds to repay existing indebtedness it incurred under its 2013 Credit Facility.

The Shearman & Sterling team included partner Robert Evans (New York-Capital Markets) and associates Andrew Vinci (New York-Capital Markets) and Bob Xiong (New York-Capital Markets). Other Shearman & Sterling lawyers involved in the transaction were partners John Adams (London-Investment Funds), Douglas McFadyen (New York-Tax), and Philip Urofsky (New York-Litigation); counsel Jason Pratt (New York-Environmental); and associates Jenny Ding (New York-Corporate), Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory), Laura Mulry (New York-Environmental) and Amy Watt (London-Investment Funds).