American Tower Corporation Announces Closing of Securities Offering

Fri Mar 15, 2013 5:00pm EDT

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BOSTON--(Business Wire)--
American Tower Corporation (NYSE: AMT) (the "Company") today announced that
American Tower Depositor Sub, LLC, a special-purpose subsidiary of the Company
completed the previously announced private offering of $1,800.0 million
aggregate principal amount of Secured Tower Revenue Securities, Series 2013-1
and Series 2013-2 (collectively, the "Securities"). The Securities are backed by
the debt of two other special-purpose subsidiaries of the Company and the debt
is secured primarily by mortgages on the subsidiaries` interests in 5,195
communications sites. The Series 2013-1 has a principal balance of $500.0
million, an interest rate of 1.551% and an expected life of approximately five
years with a final maturity of March 2043. The Series 2013-2 has a principal
balance of $1,300.0 million, an interest rate of 3.070% and an expected life of
approximately ten years with a final maturity of March 2048. 

The Company`s subsidiaries used a substantial portion of the proceeds (after
payment of underwriting commissions and other transaction expenses and funding
of certain reserve accounts) of this offering to repay all amounts outstanding
under the debt backing the $1,750.0 million Commercial Mortgage Pass-Through
Certificates, Series 2007-1, and will use the remainder of the proceeds for
general corporate purposes. 

This press release is neither an offer to sell nor a solicitation of an offer to
buy any of the Securities, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful. The Securities 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, to
institutional accredited investors and to non-U.S. persons in offshore
transactions in reliance on Regulation S under the Securities Act. Unless so
registered, the Securities may not be offered or sold in the United States or to
U.S. persons except pursuant to an exemption from the registration requirements
of the Securities Act and applicable state securities laws. 

About American Tower

American Tower is a leading independent owner, operator and developer of
wireless and broadcast communications real estate. American Tower currently owns
and operates over 54,000 communications sites in the United States, Brazil,
Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. 

Cautionary Language Regarding Forward-Looking Statements

This press release contains statements about future events and expectations, or
"forward-looking statements," all of which are inherently uncertain. The Company
has 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 expected life of the
Securities. 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 the prospectus supplement for this offering and Item 1A
of the Form 10-K for the year ended December 31, 2012 under the caption "Risk
Factors" and in other filings the Company makes with the Securities and Exchange
Commission. The Company undertakes no obligation to update the information
contained in this press release to reflect subsequently occurring events or
circumstances.

American Tower Corporation
Leah Stearns, 617-375-7500
Vice President, Investor Relations & Capital Markets 



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