American Tower Corporation Announces Increase in Credit Facility Commitments to $1B

American Tower Corporation AMT announced today that 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 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.