American Tower to buy back notes |
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Published
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Mon, 22 Jan 2007 15:46
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BOSTON (AFX) - Wireless and communications tower owner American Tower Corp. said Monday it started a cash tender offer to buy back its 5 percent convertible notes due 2010.The company said it is making the offer to satisfy conditions of the indenture to purchase all or any parts of the notes on Feb. 20, 2007. American Tower will pay for the notes with cash and said about $252.2 million in notes were outstanding as of Jan. 16.If all the notes are repurchased, the buyback price will total about $252.4 million.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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