American Tower has secured a new revolving credit facility that will allow it to borrow $860 million. The credit facility will mature on April 8, 2016. The facility does not require amortization of payments and may be repaid before maturity in whole or in part at the company’s option without penalty or premium. The Boston-based company, which owns and operates wireless towers, may borrow up to $1 billion if it receives additional commitments. The proceeds are expected to be used by the company to finance future acquisitions.
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