American Tower Corporation (NYSE: AMT) announced the pricing of its registered public offering of senior unsecured notes due 2033 in an aggregate principal amount of €750.0 million, approximately $875.2 million.

The 2033 notes carry an interest rate of 4.000% per annum and are being issued at 99.663% of their face value. The company expects net proceeds of €742.7 million, approximately $866.7 million, after deducting underwriting discounts and estimated offering expenses.

American Tower intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility. The funds will specifically repay euros drawn to retire €500.0 million aggregate principal amount of its 1.950% senior notes due 2026, with remaining proceeds allocated for general corporate purposes.

J.P. Morgan Securities plc, BNP PARIBAS, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Merrill Lynch International and Mizuho International plc are serving as Joint Book-Running Managers for the offering.

American Tower operates as one of the largest global real estate investment trusts, owning and operating nearly 150,000 communications sites and data center facilities in the United States. The information is based on a company press release.