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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 7:13 AM

Slide #184. American Tower Corporation Preferred Stock Offering

Company: American Tower Corporation (NYSE:AMT)
Date announced: 2/24/2015
Shares Offered: 12,500,000
Date of Pricing: 2/26/2015
Price Per Share: $100
Preferred Stock Offering Details: American Tower Corporation (NYSE:AMT) today announced that, in connection with the funding of its transaction with Verizon Communications, Inc., whereby American Tower will lease, acquire or otherwise operate and manage up to 11,489 Verizon wireless communications sites, American Tower intends to offer 23,500,000 shares of its common stock and 12,500,000 depositary shares, each representing a 1/10th interest in a share of American Tower's Mandatory Convertible Preferred Stock, Series B, in concurrent registered public offerings, subject to market and other conditions. These offerings are separate public offerings made by means of separate prospectus supplements and are not contingent on each other or upon consummation of the Verizon transaction.

American Tower is a holding company. Through its subsidiaries, Co. is a real estate investment trusts and independent owner, operator and developer of multitenant communications real estate. Co.'s property operations lease space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. Co.'s services operations provides tower-related services, including site acquisition, zoning and permitting and structural analysis services, which support its site leasing business, including through the addition of new tenants and equipment on its sites.

Preferreds: AMT.PRA, AMT.PRB


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Name: American Tower Corp (New)
Website: americantower.com
Sector: REITs
Number of ETFs Holding AMT: 97 (see which ones)
Total Market Value Held by ETFs: $5,726,020,627.5
Total Market Capitalization: $61,897,000,000
% of Market Cap. Held by ETFs: 9.25%

Open the AMT Page at Ru Back Packer (in a new window) »

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