| American Tower Corporation | |||
| Proposed Ticker: | ATWR | 3411 Richmond Ave., Suite 400 | |
| Exchange: | NASDAQ-National Market | Houston, TX 77046 | |
| Industry: | Manufacturing (SIC Code 3669) | (713) 693-0000 | |
| Type of Shares: | Common Shares | Filing Date: | 3/7/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $57,500,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Issuer's Law Firm: | Vinson & Elkins |
| Bank's Law Firm: | Locke, Purnell, Rain & Harrell |
| Auditor: | KPMG Accountants N.V. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $12.37 | Assets: | $75.53 | ||
| Net Income: | $0.05 | Curr Assets: | |||
| EPS: | Liabilities: | $59.93 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $3.14 | Equity: | $15.60 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading independent owner and operator of wireless communications towers with nearly 600 towers on 550 sites in 30 states. The company rents tower space and provides related services to wireless communications service providers, as well as operators of private networks and government agencies, for a diverse range of applications including paging, cellular, personal communications services, fixed microwave, specialized mobile radio and enhanced specialized mobile radio. The company owns and operates towers in 45 of the top 100 metropolitan statistical areas in the United States and has clusters of towers in cities such as Houston, Dallas, Baltimore, San Antonio, Atlanta, Jacksonville, Kansas City, Albuquerque and Nashville. The company's customers include Bell South Mobility, GTE Mobilnet, Houston Cellular, Nextel, PageMart, Pagenet, Pittencrief Communications, SBC Communications, Shell Offshore, CSX Transportation and various federal and local government agencies. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay Subordinated Debt, redeem Preferred Stock, repay a portion of the outstanding indebtedness under the company's bank credit facility. |