Item 7.01 Regulation FD Disclosure.
On July 11, 2022, American Tower Corporation (the "Company") issued a press
release (the "Press Release") with respect to the matters set forth in Item 8.01
below. A copy of the Press Release is furnished herewith as Exhibit 99.1.
Exhibit 99.1 is furnished and shall not be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall such
exhibit be deemed incorporated by reference in any filing made by the Company
under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On July 11, 2022, the Company issued the Press Release announcing that Stonepeak
Partners LP ("Stonepeak"), on behalf of certain affiliated investment vehicles,
will acquire an ownership interest of approximately 29% in the Company's U.S.
data center business as part of a new long-term strategic partnership through a
transaction valued at $2.5 billion, implying an enterprise value of
approximately $10.5 billion for the U.S. data center business (held as
subsidiaries of the Company). Pursuant to the related partnership agreement, the
Company will retain managerial and operational control, as well as day-to-day
oversight of its U.S. data center business, and Stonepeak will obtain certain
governance rights. The affiliated investment vehicles have received equity and
debt commitment letters in the amount of $2.5 billion from equity and debt
financing sources. The transaction is expected to close in the third quarter of
2022, subject to customary closing conditions.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press release, dated July 11, 2022 (Furnished herewith).
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
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