American Tower Corporation (NYSE: AMT) announced today the call for
redemption of the principal amount of its 7.50% senior notes due 2012
that remains outstanding following the expiration of its previously
announced tender offer on June 23, 2009. The redemption date has been
set for July 20, 2009. In accordance with the redemption provisions of
the notes and the indenture for the notes, the notes will be redeemed at
a price equal to 101.875% of the principal amount. In addition, the
Company will pay accrued and unpaid interest on the redeemed notes up
to, but excluding, the redemption date. The Company intends to use
available cash on hand to fund the redemption.
American Tower is a leading independent owner, operator and developer of
broadcast and wireless communications sites. American Tower owns and
operates over 25,000 communications sites in the United States, Mexico,
Brazil and India. For more information about American Tower, please
visit www.americantower.com.
American Tower Corporation
Michael Powell, 617-375-7500
Vice
President, Investor Relations
