BOSTON-American Tower Corp. has completed its cash tender offer for its 2.25-percent convertible notes due 2009.
The company said that more than $104 million in aggregate principal amount at maturity of notes was surrendered for repurchase. The repurchase price for the notes was $802.93 per $1,000 principal amount at maturity, which will be paid with cash from the company’s restricted cash and investments account.
Subscribe now to get the daily newsletter from RCR Wireless News
American Tower will also take a non-cash charge of $1.4 million in the fourth quarter of this year for the writeoff of financing fees related to notes that were repurchased before the original maturity date.
