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.
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.
