American Tower announced it has received additional commitments from three financial
institutions under its supplemental credit facility.
As previously disclosed, in April 2011, the company
entered into a supplemental credit facility that allowed it to borrow $860
million and, subject to receiving additional commitments, up to $1.0 billion.
The additional commitments to American Tower from Banco Bilbao Vizcaya Argentaria, S.A., New York
Branch, BNP Paribas and Credit Agricole Corporate and Investment Bank total an
aggregate of $140 million. As a result, the expanded credit facility now allows
the Company to borrow $1.0 billion.
All other terms and conditions of the credit facility,
which has a term of five years and matures on April 8, 2016, remain unchanged,
apart from the commitment and letter of credit allocation percentages
attributable to each financial institution.
Telecomlead.com Team
