amt-20210916
AMERICAN TOWER CORP /MA/0001053507false00010535072021-09-162021-09-160001053507exch:XNYSus-gaap:CommonStockMember2021-09-162021-09-160001053507amt:A1375SeniorNotesDue2025Memberexch:XNYS2021-09-162021-09-160001053507exch:XNYSamt:A1950SeniorNotesDue2026Member2021-09-162021-09-160001053507exch:XNYSamt:A0450SeniorNotesDue2027Member2021-09-162021-09-160001053507exch:XNYSamt:A0500SeniorNotesDue2028Member2021-09-162021-09-160001053507amt:A0875SeniorNotesDue2029Memberexch:XNYS2021-09-162021-09-160001053507amt:A1000SeniorNotesDue2032Memberexch:XNYS2021-09-162021-09-160001053507exch:XNYSamt:A1250SeniorNotesDue2033Member2021-09-162021-09-16

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): September 16, 2021
AMERICAN TOWER CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware
001-14195
65-0723837
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

116 Huntington Avenue
Boston, Massachusetts 02116
(Address of Principal Executive Offices) (Zip Code)

(617375-7500
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par value AMTNew York Stock Exchange
1.375% Senior Notes due 2025AMT 25ANew York Stock Exchange
1.950% Senior Notes due 2026AMT 26BNew York Stock Exchange
0.450% Senior Notes due 2027AMT 27CNew York Stock Exchange
0.500% Senior Notes due 2028AMT 28ANew York Stock Exchange
0.875% Senior Notes due 2029AMT 29BNew York Stock Exchange
1.000% Senior Notes due 2032AMT 32New York Stock Exchange
1.250% Senior Notes due 2033AMT 33New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐



Item 8.01    Other Events.

On September 16, 2021, American Tower Corporation (the “Company”) issued a press release (the “Press Release”) announcing that the Board of Directors declared a cash distribution of $1.31 per share of the Company’s common stock, payable on October 15, 2021 to the stockholders of record at the close of business on September 28, 2021.

Also on September 16, 2021, the Company announced in the Press Release its election to call for redemption all of its outstanding 4.70% senior unsecured notes due 2022 (the “4.70% Notes”). In accordance with the redemption provisions of the 4.70% Notes and the Indenture, dated as of May 13, 2010 (the “Base Indenture”), as supplemented by the Supplemental Indenture No. 5, dated as of March 12, 2012 (“Supplemental Indenture No. 5” and, together with the Base Indenture, the “4.70% Indenture”) between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, the 4.70% Notes will be redeemed at a price equal to the principal amount of the 4.70% Notes plus a make-whole premium calculated pursuant to the terms of the 4.70% Indenture, together with accrued and unpaid interest, if any, up to, but excluding, the redemption date, which has been set for October 18, 2021.

A copy of the Press Release is filed herewith as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits.
 
(d)    Exhibits
Exhibit No. Description
99.1 
104Cover Page Interactive Data File (embedded within the Inline XBRL document).




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN TOWER CORPORATION
(Registrant)
Date:September 16, 2021By:/s/ Rodney M. Smith
Rodney M. Smith
Executive Vice President, Chief Financial Officer and Treasurer


Document


Exhibit 99.1

https://cdn.kscope.io/bd8167f541e5f1577cd290f2287df688-image_0.jpg


ATC Contact: Igor Khislavsky
Vice President, Investor Relations
Telephone: (617) 375-7500

AMERICAN TOWER CORPORATION DECLARES QUARTERLY DISTRIBUTION
AND CALLS FOR REDEMPTION ALL OF ITS OUTSTANDING 4.70% SENIOR NOTES

BOSTON, MASSACHUSETTS – September 16, 2021 – American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.31 per share on shares of the Company’s common stock. The distribution is payable on October 15, 2021 to the stockholders of record at the close of business on September 28, 2021.

American Tower Corporation also announced its election to call for redemption all of its outstanding 4.70% senior unsecured notes due 2022. The redemption date has been set for October 18, 2021. In accordance with the redemption provisions of the notes and the Indenture, dated as of May 13, 2010, as supplemented by the Supplemental Indenture No. 5, dated as of March 12, 2012, the notes will be redeemed at a price equal to the principal amount of the notes plus a make-whole premium calculated pursuant to the terms of the indenture, together with accrued and unpaid interest, if any, up to, but excluding, the redemption date. The Company intends to fund the redemption with borrowings under its senior unsecured revolving credit facilities, as amended and restated in February 2021, and cash on hand.

About American Tower

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 214,000 communications sites. For more information about American Tower, please visit www.americantower.com.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended December 31, 2020 under the caption “Risk Factors.” The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

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