05:04 PM EDT, 05/22/2024 (MT Newswires) -- American Tower ( AMT ) said late Wednesday it priced a 1 billion-euro ($1.08 billion) public offering of two series of senior unsecured notes for about 988.4 million euros in expected net proceeds.

The offering comprises 500 million euros of 3.9% notes due 2030, issued at 99.622% of face value, and 500 million euros of 4.1% notes due 2034, issued at 99.306% of face value.

The real estate investment trust said it plans to use the net proceeds to repay its debt under its $6 billion senior unsecured multicurrency revolving credit facility, among other things.

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