American Tower buys back $43.9 million 7¼% notes, $7.1 million 5% convertible notes

By Laura Lutz

Des Moines, Aug. 7 - American Tower Corp. repurchased $36.9 million principal amount of its 7¼% senior subordinated notes due 2011 for $38 million during the second quarter, according to a company release.

Since June 30, the company bought back an additional $6.9 million principal amount of its 7¼% notes for approximately $7.1 million and $18.5 million principal amount of its 5% convertible notes due 2007 for $18.4 million.

American Tower is a Boston owner and operator of broadcast and wireless communications sites.

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