American Tower (AMT) Priced $1.6 Billion of Notes. Is $88.8 Million a Year Worth Longer Terms?

American Tower Corporation (NYSE:AMT) priced $1.6 billion of senior notes on September 9: $500 million at 5.300% due 2031, $500 million at 5.560% due 2033, and $600 million at 5.750% due 2036. Once issued, the three tranches would carry combined annual coupons of $88.8 million, equivalent to a weighted average coupon of 5.55%. American Tower […]