American Tower Corporation Announces Pricing of Securities Offering

  American Tower Corporation Announces Pricing of Securities Offering

Business Wire

BOSTON -- March 6, 2013

American Tower Corporation (NYSE: AMT) (the “Company”) today announced that
certain of its indirect subsidiaries priced, in a private transaction,
$1,800.0 million aggregate principal amount of Secured Tower Revenue
Securities, Series 2013-1 and Series 2013-2 (collectively, the “Securities”).
The Securities will be backed by the debt of two special-purpose subsidiaries
that will be secured primarily by mortgages on their 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 intend to use the net proceeds of this offering to
repay all amounts outstanding under their debt backing the $1,750.0 million
Commercial Mortgage Pass-Through Certificates, Series 2007-1, and for general
corporate purposes.

This announcement 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

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 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 the
prospectus supplement for this offering and Item1A 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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