Key Developments: American Tower Corp (AMT)

AMT on New York Consolidated

100.64USD
26 Dec 2014
Price Change (% chg)

$-0.11 (-0.11%)
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Latest Key Developments (Source: Significant Developments)

American Tower Corp declares quarterly distributions
Tuesday, 2 Dec 2014 05:00pm EST 

American Tower Corp:Declares its quarterly cash distribution of $0.38 per share.Payable on Jan. 13, 2015 to such stockholders of record at the close of business on Dec. 16.Additionally, the board of directors has declared a cash distribution of $1.3125 per share on shares of the Company's 5.25 pct Mandatory Convertible Preferred Stock, Series A, which is payable on Feb. 16, 2015 to such stockholders of record at the close of business on Feb. 01, 2015.  Full Article

Bharti Airtel Ltd's subsidiary to sell communications towers to American Tower Corp; American Tower to lease towers to Airtel
Monday, 24 Nov 2014 06:59am EST 

Bharti Airtel Ltd and American Tower Corp:Have entered into a definitive agreement, through Bharti’s subsidiary company, Bharti Airtel International (Netherlands) BV (Airtel),   for the sale of over 4,800 of Airtel’s communications towers in Nigeria.Airtel will be the anchor tenant on the portfolio under a lease with a ten year initial term.American Tower and Airtel expect to close the acquisition during the first half of 2015.  Full Article

GP Investments Ltd completes sale of BR Towers SA to American Tower Corporation
Friday, 21 Nov 2014 06:25am EST 

GP Investments Ltd:Says on Nov. 19, following information disclosed to the market in June, completed the sale of 100 pct of shares of BR Towers SA, through its subsidiaries GP Capital Partners V, LP and GPCP5 I Fundo de Investimento em Participacoes, to American Tower Corporation.Final price of 2.255 billion Brazilian reais.  Full Article

American Tower Corp narrows FY 2014 revenue guidance and raises FY 2104 EBITDA guidance; lowers FY 2014 net income guidance
Thursday, 30 Oct 2014 07:01am EDT 

American Tower Corp:Raises FY 2014 total rental and management revenue by $10 mln, adjusted EBITDA by $15 mln.Expects FY 2014 total rental and management revenue in the range of $3.975-$4.005 bln.Expects FY 2014 adjusted EBITDA in the range of $2.640-$2.660 bln.Expects FY 2014 net income in the range of $805-$825 mln.FY 2014 revenue of $4.10 bln, EBITDA of $2.64 bln and net income of $890 mln - Thomson Reuters I/B/E/S.  Full Article

American Tower Corporation declares quarterly distributions
Wednesday, 10 Sep 2014 04:30pm EDT 

American Tower Corporation:Announces that its board of directors has declared its quarterly cash distribution of $0.36 per share on shares of the company's common stock.Says the distribution is payable on Oct. 7 to such stockholders of record at the close of business on Sept. 23.  Full Article

American Tower Corp prices senior notes offering
Monday, 4 Aug 2014 05:41pm EDT 

American Tower Corp:Prices registered public offering of senior unsecured notes due 2021, in aggregate principal amount of $650.0 mln.Notes will have interest rate of 3.450 pct per annum and are being issued at price equal to 99.416 pct of their face value.Net proceeds of offering are expected to be about $641.1 mln, after deducting underwriting discounts and estimated offering expenses.Company intends to use net proceeds to repay existing indebtedness under multi-currency $2.0 bln senior unsecured revolving credit facility.Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are acting as Joint Book-Running Managers for the offering.  Full Article

American Tower Corp raises FY 2014 revenue and EBITDA guidance; raises low end of prior FY 2014 net income guidance
Wednesday, 30 Jul 2014 07:00am EDT 

American Tower Corp:Raises midpoint of FY 2014 outlook for total rental and management revenue by $45 mln and adjusted EBITDA by $55 mln.Expects FY 2014 total rental and management revenue in the range of $3.945 bln to $4.015 bln.Expects FY 2014 adjusted EBITDA in the range of $2.615 bln to $2.655 bln.Expects FY 2014 net income in the range of $830 mln to $850 mln.FY 2014 EBITDA of $2.590 bln - Thomson Reuters I/B/E/S.  Full Article

American Tower Corp declares cash dividend
Tuesday, 29 Jul 2014 08:00pm EDT 

American Tower Corp:Declared dividend of $1.3563 per share, or about $8.1 mln, payable to preferred stockholders of record at close of business on Aug 1, 2014.  Full Article

American Tower Corp announces acquisition of BR Towers S.A. in Brazil
Sunday, 15 Jun 2014 10:30pm EDT 

American Tower Corp:Reaches agreement with GPCP V, a private equity fund managed by GP Investments, Ltd., FIP Multisetorial Plus, a private equity fund managed by Bradesco BBI, and other shareholders, to acquire 100 pct. of equity interests of BR Towers S.A.BR Towers S.A. is Brazilian telecommunications real estate company that is expected to own about 2,530 towers and exclusive use rights for about 2,110 additional towers in Brazil at closing.Purchase price of about 2.18 bln Brazilian Reais, (about $978 million at current exchange rates) subject to customary adjustments, will be satisfied with a combination of cash and the assumption of certain existing indebtedness.Transaction is expected to close in fourth quarter of 2014.American Tower was advised by Banco Santander (Brasil) S.A. as financial advisor, Kilpatrick Townsend & Stockton LLP as U.S. legal advisor and Koury Lopes Advogados as Brazilian legal advisor.  Full Article

American Tower Corp declares quarterly distributions
Wednesday, 21 May 2014 04:30pm EDT 

American Tower Corp:Declared quarterly cash distribution of $0.34 per share.Payable on July 16 to such stockholders of record at the close of business on June 17.  Full Article

Deals of the day- Mergers and acquisitions

(Adds American Tower, BioMarin Pharmaceuticals, Hulamin, BM&FBovespa, RenaissanceRe Holdings; updates BT Group, World Duty Free)

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