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News Apr 06, 2017

Shearman & Sterling Advises Underwriters in American Tower Corporation’s €500 Million Senior Notes Offering

Shearman & Sterling represented the underwriters, led by Barclays, BofA Merrill Lynch, Citigroup, HSBC, and J.P. Morgan as joint lead book-running managers in connection with the offering of €500 million aggregate principal amount of 1.375% senior notes due 2025 by American Tower Corporation.

American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate with a portfolio of over 144,000 communications sites, including wireless and broadcast towers located in the United States, Argentina, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana, India, Mexico, the Netherlands, Nigeria, Peru, South Africa and Uganda. American Tower Corporation plans to use the proceeds to repay existing indebtedness and for general corporate purposes.

The Shearman & Sterling team included partners Robert Evans and Kyungwon Lee (both New York-Capital Markets); and associates Robert D. Giannattasio (New York-Capital Markets) and Bradley Simon (New York-Corporate). Other Shearman & Sterling lawyers involved in the transaction were partners 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) and Adam Sternberg (New York-Tax).