05:50 PM EST, 03/04/2024 (MT Newswires) -- American Tower ( AMT ) said Monday it priced a $1.3 billion registered public offering of senior unsecured notes due 2029 and 2034.

Each series will have an aggregate principal amount of $650 million, according to the company.

The 2029 notes will have an interest rate of 5.2% per annum while the 2034 notes will have an interest rate of 5.45%, American Tower ( AMT ) added.

The company said it expects net proceeds of $1.28 billion from the offering and funds raised will be used to repay its $6 billion senior unsecured multicurrency credit facility.

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