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News Jan 12, 2016

Shearman & Sterling Advises Underwriters in American Tower Corporation’s $1.25 Billion Senior Notes Offering

Shearman & Sterling represented BNP PARIBAS, BofA Merrill Lynch, Citigroup, J.P. Morgan and Morgan Stanley as lead underwriters in connection with offerings of $750 million aggregate principal amount of 3.300% senior notes due 2021 and $500 million aggregate principal amount of 4.400% senior notes due 2026.

American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate with a portfolio of over 99,000 communications sites, including wireless and broadcast towers located in the United States, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana, India, Mexico, Nigeria, Peru, South Africa and Uganda. American Tower Corporation plans to use the proceeds to repay existing indebtedness, including under its senior unsecured revolving credit facility entered into in June 2013, and for general corporate purposes.

The Shearman & Sterling team included partner Robert Evans

 (New York-Capital Markets) and associate Yi Han Goh (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 (Washington, DC-Litigation); counsel Jeff Salinger (New York-Environmental) and Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory); and associates Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory), Adam Sternberg (New York-Tax), Amy Watt (London-Investment Funds) and Martyna Budzynska (London-Financial Institutions Advisory & Financial Regulatory).