BOSTON-American Tower Corp. announced a call for redemption of $75 million principal amount of its 9.375-percent senior notes due 2009.
The redemption date is set for July 21. The notes will be redeemed at a price equal to 104.688 percent of the principal amount, as outlined in the indenture for the senior notes.
The company also said it will pay accrued and unpaid interest on the redeemed notes up to the redemption date.
American Tower said it will use available cash on hand and borrowings under its credit facility to fund the redemption.
