BRIEF-American Tower Prices Senior Notes Offering

BY Reuters | CORPORATE | 09/23/21 05:13 PM EDT

Sept 23 (Reuters) - American Tower Corp:

* AMERICAN TOWER CORPORATION PRICES SENIOR NOTES OFFERING

* AMERICAN TOWER CORP - PRICING SENIOR UNSECURED NOTES DUE 2026, 2031 AND 2051 OF $600.0 MILLION, $700.0 MILLION AND $500.0 MILLION, RESPECTIVELY

* AMERICAN TOWER CORP - 2026 NOTES WILL HAVE AN INTEREST RATE OF 1.450% PER ANNUM

* AMERICAN TOWER CORP - 2031 NOTES WILL HAVE AN INTEREST RATE OF 2.300% PER ANNUM

* AMERICAN TOWER CORP - INTENDS TO USE NET PROCEEDS TO REPAY EXISTING INDEBTEDNESS UNDER ITS $1.0 BILLION UNSECURED TERM LOAN Source text for Eikon: Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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