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LONG-TERM OBLIGATIONS (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Outstanding amounts under the Company’s long-term obligations, reflecting discounts, premiums, debt issuance costs and fair value adjustments due to interest rate swaps consisted of the following:
As of
June 30, 2022December 31, 2021Maturity Date
2021 Multicurrency Credit Facility (1) (2)$4,545.5 $4,388.4 June 30, 2025
2021 Term Loan (1)995.8 995.4 January 31, 2027
2021 Credit Facility (1)2,065.0 1,410.0 January 31, 2027
2021 EUR Three Year Delayed Draw Term Loan (1) (2)864.4 937.6 May 28, 2024
2021 USD 364-Day Delayed Draw Term Loan (1)599.3 2,998.5 December 28, 2022
2021 USD Two Year Delayed Draw Term Loan (1)1,498.8 1,498.4 December 28, 2023
2.250% senior notes (3)
— 600.3 N/A
3.50% senior notes
998.9 997.9 January 31, 2023
3.000% senior notes
695.1 709.9 June 15, 2023
0.600% senior notes
498.4 497.9 January 15, 2024
5.00% senior notes
1,000.7 1,000.9 February 15, 2024
3.375% senior notes
647.6 647.0 May 15, 2024
2.950% senior notes
645.5 644.7 January 15, 2025
2.400% senior notes
746.7 746.1 March 15, 2025
1.375% senior notes (4)
520.3 563.8 April 4, 2025
4.000% senior notes
746.1 745.5 June 1, 2025
1.300% senior notes
496.8 496.4 September 15, 2025
4.400% senior notes
497.9 497.6 February 15, 2026
1.600% senior notes
695.7 695.2 April 15, 2026
1.950% senior notes (4)
520.6 564.3 May 22, 2026
1.450% senior notes
593.7 593.0 September 15, 2026
3.375% senior notes
992.0 991.2 October 15, 2026
3.125% senior notes
398.4 398.3 January 15, 2027
2.750% senior notes
745.6 745.2 January 15, 2027
0.450% senior notes (4)
781.0 847.1 January 15, 2027
0.400% senior notes (4)
518.7 562.5 February 15, 2027
3.650% senior notes
642.4 — March 15, 2027
3.55% senior notes
745.9 745.5 July 15, 2027
3.600% senior notes
694.7 694.3 January 15, 2028
0.500% senior notes (4)
779.2 845.3 January 15, 2028
1.500% senior notes
646.1 645.8 January 31, 2028
3.950% senior notes
592.1 591.6 March 15, 2029
0.875% senior notes (4)
780.9 847.3 May 21, 2029
3.800% senior notes
1,636.0 1,635.1 August 15, 2029
2.900% senior notes
743.0 742.5 January 15, 2030
2.100% senior notes
741.7 741.2 June 15, 2030
0.950% senior notes (4)
517.0 561.0 October 5, 2030
1.875% senior notes
791.9 791.4 October 15, 2030
2.700% senior notes
694.0 693.7 April 15, 2031
2.300% senior notes
691.4 691.0 September 15, 2031
1.000% senior notes (4)
674.3 731.7 January 15, 2032
4.050% senior notes
641.8 — March 15, 2032
1.250% senior notes (4)
517.1 561.2 May 21, 2033
3.700% senior notes
592.2 592.1 October 15, 2049
3.100% senior notes
1,038.1 1,038.0 June 15, 2050
2.950% senior notes
1,021.8 1,021.5 January 15, 2051
Total American Tower Corporation debt 38,490.1 39,943.3 
Series 2013-2A securities (5)1,298.9 1,298.2 March 15, 2023
Series 2018-1A securities (5)495.7 495.3 March 15, 2028
Series 2015-2 notes (6)523.1 522.7 June 16, 2025
CoreSite Debt (7)— 955.1 N/A
Other subsidiary debt (8)5.9 8.0 Various
Total American Tower subsidiary debt2,323.6 3,279.3 
Finance lease obligations30.3 31.6 
Total40,844.0 43,254.2 
Less current portion of long-term obligations(3,603.9)(4,568.7)
Long-term obligations$37,240.1 $38,685.5 
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(1)Accrues interest at a variable rate.
(2)As of June 30, 2022 reflects borrowings denominated in Euro (“EUR”) and, for the 2021 Multicurrency Credit Facility (as defined below), reflects borrowings denominated in both EUR and U.S. Dollars (“USD”).
(3)Repaid in full on January 14, 2022 using borrowings under the 2021 Credit Facility (as defined below).
(4)Notes are denominated in EUR.
(5)Maturity date reflects the anticipated repayment date; final legal maturity is March 15, 2048.
(6)Maturity date reflects the anticipated repayment date; final legal maturity is June 15, 2050.
(7)Debt entered into by CoreSite assumed in connection with the CoreSite Acquisition (the “CoreSite Debt”). On January 7, 2022, all amounts outstanding under the CoreSite Debt were repaid using borrowings under the 2021 Multicurrency Credit Facility and cash on hand.
(8)Includes debt entered into by the Company’s Kenyan subsidiary in connection with an acquisition of communications sites in Kenya, which is denominated in USD and is payable either (i) in future installments subject to the satisfaction of specified conditions or (ii) five years from the note origination date, including the exercise of the optional two year extension, subject to the satisfaction of specified conditions. As of December 31, 2021, also included U.S. subsidiary debt related to a seller-financed acquisition.
The key terms of the Notes are as follows:
Senior NotesAggregate Principal Amount (in millions)Issue Date and Interest Accrual DateMaturity DateContractual Interest RateFirst Interest PaymentInterest Payments Due (1)Par Call Date (2)
3.650% Notes
$650.0 April 1, 2022March 15, 2027
3.650%
September 15, 2022March 15 and September 15February 15, 2027
4.050% Notes
$650.0 April 1, 2022March 15, 2032
4.050%
September 15, 2022March 15 and September 15December 15, 2031
___________
(1)Accrued and unpaid interest on USD denominated notes is payable in USD semi-annually in arrears and will be computed from the issue date on the basis of a 360-day year comprised of twelve 30-day months.
(2)The Company may redeem the Notes at any time, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes plus a make-whole premium, together with accrued interest to the redemption date. If the Company redeems the Notes on or after the par call date, the Company will not be required to pay a make-whole premium.
Schedule of Maturities of Long-term Debt
As of June 30, 2022, the key terms under the 2021 Multicurrency Credit Facility, the 2021 Credit Facility, the Company’s $1.0 billion unsecured term loan, as amended and restated in December 2021 (the “2021 Term Loan”), the Company’s 825.0 million EUR unsecured term loan, as amended and restated in December 2021 (the “2021 EUR Three Year Delayed Draw Term Loan”), the 2021 USD 364-Day Delayed Draw Term Loan and the Company’s $1.5 billion unsecured term loan entered into in December 2021 (the “2021 USD Two Year Delayed Draw Term Loan”) were as follows:
Outstanding Principal Balance
(in millions)		Undrawn letters of credit
(in millions)		Maturity DateCurrent margin over LIBOR or EURIBOR (1)Current commitment fee (2)
2021 Multicurrency Credit Facility$4,545.5 $3.5 June 30, 2025(3)1.125 %0.110 %
2021 Credit Facility2,065.0 24.2 January 31, 2027(3)1.125 %0.110 %
2021 Term Loan1,000.0 N/AJanuary 31, 20271.125 %N/A
2021 EUR Three Year Delayed Draw Term Loan864.9 N/AMay 28, 20241.125 %N/A
2021 USD 364-Day Delayed Draw Term Loan600.0 N/ADecember 28, 20221.125 %N/A
2021 USD Two Year Delayed Draw Term Loan1,500.0 N/ADecember 28, 20231.125 %N/A
_______________
(1)LIBOR applies to the USD denominated borrowings under the 2021 Multicurrency Credit Facility, the 2021 Credit Facility, the 2021 Term Loan, the 2021 USD 364-Day Delayed Draw Term Loan and the 2021 USD Two Year Delayed Draw Term Loan. Euro Interbank Offer Rate (“EURIBOR”) applies to the EUR denominated borrowings under the 2021 Multicurrency Credit Facility and all of the borrowings under the 2021 EUR Three Year Delayed Draw Term Loan.
(2)Fee on undrawn portion of each credit facility.
(3)Subject to two optional renewal periods.