BOSTON-American Tower Corp. announced it will sell $225 million principal amount of 7.5-percent senior notes due 2012 through an institutional private placement.
Net proceeds are expected to be approximately $221.7 million. The company plans to use the proceeds to redeem all its outstanding $212.7 million principal amount of 6.25-percent convertible notes due 2009 and to repurchase a portion of other outstanding notes.
