American Tower $5 billion acquisition of Verizon towers

Overview:

• American Tower has acquired 11,300 of Verizon's company-owned wireless towers and 165 additional phone towers from Verizon Communications for $5 billion.
• American Tower obtained a $5.05 billion credit facility from Goldman Sachs to finance the acquisition.
• Goldman Sachs acted as financial adviser to American Tower.
• TAP Advisors, Guggenheim and JP Morgan acted as financial advisers to Verizon. 

Rani Mehta - Journalist