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Stock Market & Financial Investment News

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March 4, 2013
09:04 EDTAMTAmerican Tower announces potential securities offering
American Tower announced that certain of its indirect subsidiaries intend to offer, in a private transaction, up to $1,800.0 million aggregate principal amount of Secured Tower Revenue Securities, Series 2013-1 and Series 2013-2. The Securities will be backed by debt of two special-purpose subsidiaries of American Tower, and will be secured primarily by mortgages on their interests in 5,195 communications sites.
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