American Tower Corporation (NYSE: AMT) announced today that it has
completed its previously announced redemption of the remaining $20.8
million principal amount of its 7.50% senior notes due 2012. The Company
redeemed the notes pursuant to their terms at 101.875% of the principal
amount, plus accrued and unpaid interest up to, but excluding, July 20,
2009. The total aggregate redemption price was approximately $21.5
million, including approximately $0.3 million in accrued interest. The
Company financed the redemption through available cash on hand. Upon
completion of this redemption, none of the 7.50% notes remained
outstanding.
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