American Tower Corporation Prices Senior Note Offering

BOSTON--(Business Wire)--
American Tower Corporation (NYSE: AMT) announced today that it has priced its
institutional private placement of senior unsecured notes due 2019 in an
aggregate principal amount of $300.0 million. The notes will have an interest
rate of 7.25% per annum and are being issued at a price equal to 98.279% of
their face value. The net proceeds of this offering are expected to be
approximately $291.3 million.

The Company intends to use the net proceeds from this proposed offering (i) to
finance the repurchase of the Company`s 7.50% senior notes due 2012 through a
tender offer and, if any such notes remain outstanding following the
consummation of the tender offer, to finance the redemption of such notes
pursuant to their terms and the terms of the indenture under which they were
issued; (ii) to repay $50 million of outstanding indebtedness incurred under the
Company`s senior unsecured revolving credit facility; and (iii) for general
corporate purposes. The tender offer is being made solely by means of the tender
offer documentation.

This announcement is neither an offer to sell nor a solicitation of an offer to
buy any of these notes, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful. The notes subject to the proposed
offering have not been registered under the Securities Act of 1933, as amended,
or any state securities laws, and are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities Act and to
non-U.S. persons in offshore transactions in reliance on Regulation S under the
Securities Act. Unless so registered, the notes may not be offered or sold in
the United States or to, or for the account or benefit, of U.S. persons except
pursuant to an exemption from the registration requirements of the Securities
Act and applicable state securities laws.

Cautionary Language Concerning Forward-Looking Statements

This press release contains statements about future events and expectations, or
"forward-looking statements", all of which are inherently uncertain. We have
based those forward-looking statements on management`s current expectations and
assumptions and not on historical facts. Examples of these statements include,
but are not limited to, statements regarding the Company`s expectations of the
dollar amount to be received in net proceeds, the Company`s ability to complete
the offering, and the Company`s expectations for the use of proceeds from the
offering. These forward-looking statements involve a number of risks and
uncertainties. Among the important factors that could cause actual results to
differ materially from those indicated in such forward-looking statements
include market conditions for corporate debt generally, for the securities of
telecommunications companies and for the Company`s indebtedness in particular.
For other important factors that may cause actual results to differ materially
from those indicated in our forward-looking statements, we refer you to the
information contained in Item 1A of the Form 10-Q for the quarter ended March
31, 2009 under the caption "Risk Factors" and in other filings we make with the
Securities and Exchange Commission. We undertake no obligation to update the
information contained in this press release to reflect subsequently occurring
events or circumstances.

American Tower Corporation
Michael Powell, 617-375-7500
Vice President, Investor Relations

Copyright Business Wire 2009