American Tower $5.06 billion acquisition financing for towers from Verizon
Davis Polk is advising the administrative agent, and the lead arrangers and lead bookrunners, in connection with commitments for a senior unsecured bridge loan facility provided to American Tower Corporation in connection with its proposed $5.06 billion acquisition of a portfolio wireless communications towers and related assets from Verizon Communications Corporation. Founded in 1995, American Tower Corporation is a leading independent owner, operator and developer of wireless and broadcast communications real estate, with a portfolio of approximately 70,000 properties, including wireless towers, broadcast towers and Distributed Antenna System (DAS) networks in the United States, Brazil, Chile, Colombia, Costa Rica, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. The Davis Polk credit team includes partner Jason Kyrwood and associate Caroline M. Lee. The capital markets team includes partner John G. Crowley and associates Roman Ajzen and Andrew Holten. Counsel Susan D. Kennedy and associate Lisa M. Doolittle are providing real estate advice. All members of the Davis Polk team are based in the New York office.