Document:

EX-10.54

 Exhibit 10.54 

SECOND AMENDMENT TO LOAN AGREEMENT 

This Second Amendment to Loan Agreement (this “Amendment”) is made as of February 20, 2015, by and among AMERICAN
TOWER CORPORATION, as Borrower (the “Company”), TORONTO DOMINION (TEXAS) LLC, as Administrative Agent (the “Administrative Agent”), and the financial institutions whose names appear as lenders on the
signature page hereof. 
 WHEREAS, the Company and the Administrative Agent are party to that certain Amended and Restated Loan
Agreement, dated as of September 19, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Loan Agreement”) among the Company, the Administrative Agent and the Lenders from
time to time party thereto. 
 WHEREAS, the Company, the Administrative Agent and the Lenders who are signatories hereto and who
constitute Majority Lenders have agreed to amend the Loan Agreement pursuant to Section 12.12 of the Loan Agreement. 
 WHEREAS,
pursuant to Section 2.14 of the Loan Agreement, the Company has requested Incremental Commitments in an aggregate amount of $500,000,000. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the
parties hereto, the parties hereby agree as follows: 
 1. DEFINED TERMS. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings given to them in the Loan Agreement. 
 2. AMENDMENT. The Loan Agreement is hereby amended as follows: 

(a) Section 1.1 of the Loan Agreement is hereby amended by inserting the following definition of “Verizon Transaction”: 

“Verizon Transaction” means that certain transaction among the Company, Verizon Communications, Inc. and certain of their
affiliates pursuant to that certain Master Agreement dated February 5, 2015.” 
 (b) Section 2.14 of the Loan Agreement is
hereby amended by deleting “$2,000,000,000” in clause (iii) thereof and replacing it with “$2,500,000,000”. 
 (c)
Section 7.6 of the Loan Agreement is hereby amended by deleting the text thereof and inserting in its place the following: 

“As of the end of each fiscal quarter, the Company shall not permit the ratio of (a) Total Debt on such calculation
date to (b) Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than (i) for the fiscal quarters ended December 31, 

 
2014 through the end of the fiscal quarter ended immediately prior to the closing of the Verizon Transaction, 6.00 to 1.00, (ii) for the first and second fiscal quarters ending on or after
the closing of the Verizon Transaction, 7.25 to 1.00, (iii) for the two subsequent fiscal quarters, 7.00 to 1.00 and (iv) thereafter, 6.00 to 1.00, provided, that, solely for purposes of Section 7.1(i)(ii) and the determination of pro
forma compliance, the ratio shall be deemed to be 7.25 to 1.00 as of the end of the fiscal quarter ended immediately prior to the closing of the Verizon Transaction.” 

3. BRING-DOWN OF REPRESENTATIONS. The Company hereby certifies that, as of the date of this Amendment, (i) the representations and
warranties contained in Section 4.1 of the Loan Agreement are true and correct in all material respects, except for those representations and warranties that are qualified by materiality or Materially Adverse Effect, which shall be true and
correct, both before and after giving effect to this Amendment, and after giving effect to any updates to information provided to the Lenders in accordance with the terms of the Loan Agreement except to the extent stated to have been made as of the
Agreement Date, and (ii) no Default exists. 
 4. EFFECTIVENESS. This Amendment shall become effective upon the Administrative Agent
receiving this Amendment duly executed by the Company and the Majority Lenders. 
 5. NO OTHER AMENDMENTS. Except as provided herein, each
of the other provisions of the Loan Agreement shall remain in full force and effect. 
 6. COUNTERPARTS. This Amendment may be executed in
any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by
telecopier or electronic transmission shall be effective as delivery of a manually executed counterpart. 
 7. GOVERNING LAW. This Amendment
shall be construed in accordance with and governed by the internal laws of the State of New York applicable to agreements made and performed in the State of New York. 

8. MISCELLANEOUS. 
 (a) On and
after the effective date of this Amendment, each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Loan Agreement shall mean and be a reference to the
Loan Agreement, as amended by this Amendment. 
 (b) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

(c) On and after the effectiveness of this Amendment, this Amendment shall for all purposes constitute a Loan Document. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment or caused it to be executed
by their duly authorized officers, all as of the day and year above written. 
  

							
	BORROWER:				AMERICAN TOWER CORPORATION
				
					By:		 /s/ THOMAS A. BARTLETT

					Name:		Thomas A. Bartlett
					Title:		Executive Vice President and Chief
							Financial Officer

 [Signature Page to Second Amendment to Loan Agreement] 

							
	LENDERS				 TORONTO DOMINION (TEXAS) LLC, as

Administrative Agent and a Lender

				
					By:		 /s/ ALICE MARE

					Name:		Alice Mare
					Title:		Authorized Signatory
			
					THE TORONTO DOMINION BANK, NEW YORK BRANCH, as Administrative Agent and a Lender
				
					By:		 /s/ ROBYN ZELLER

					Name:		Robyn Zeller
					Title:		Vice President
			
					CITIBANK, N.A., as a Lender
				
					By:		 /s/ KEITH LUKASAVICH

					Name:		Keith Lukasavich
					Title:		Director & Vice President
			
					JPMORGAN CHASE BANK, N.A., as a Lender
				
					By:		 /s/ DONATUS O. ANUSIONWU

					Name:		Donatus O. Anusionwu
					Title:		Vice President
			
					 THE ROYAL BANK OF SCOTLAND PLC, as

a Lender

				
					By:		 /s/ MATTHEW PENNACHIO

					Name:		Matthew Pennachio
					Title:		Director

 [Signature Page to Second Amendment to Loan Agreement] 

 
			
	BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH, as a Lender
		
	By:		 /s/ VERONICA INCERA

	Name:		Veronica Incera
	Title:		Managing Director
		
	By:		 /s/ MAURICIO BENITEZ

	Name:		Mauricio Benitez
	Title:		Director
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:		 /s/ MARIE FORURIA

	Name:		Marie Foruria
	Title:		Vice President
	
	BARCLAYS BANK PLC, as a Lender
		
	By:		 /s/ ALICIA BORYS

	Name:		Alicia Borys
	Title:		Vice President
	
	MIZUHO BANK, LTD., as a Lender
		
	By:		 /s/ DAVID LIM

	Name:		David Lim
	Title:		Authorized Signatory
	
	ROYAL BANK OF CANADA, as a Lender
		
	By:		 /s/ D.W. SCOTT JOHNSON

	Name:		D.W. Scott Johnson
	Title:		Authorized Signatory

 [Signature Page to Second Amendment to Loan Agreement] 

 
			
	The Bank of Tokyo-Mitsubishi UFJ, Ltd., as a Lender
		
	By:		 /s/ ARTURO DE PEÑA

	Name:		Arturo de Peña
	Title:		Managing Director
	
	BNP PARIBAS, as a Lender
		
	By:		 /s/ MELISSA DYKI

	Name:		Melissa Dyki
	Title:		Director
		
	By:		 /s/ JENNY SHUM

	Name:		Jenny Shum
	Title:		Vice President
	
	CREDIT AGRICOLE
	 CORPORATE AND INVESTMENT BANK,

as a Lender

		
	By:		 /s/ TANYA CROSSLEY

	Name:		Tanya Crossley
	Title:		Managing Director
		
	By:		 /s/ JILL WONG

	Name:		Jill Wong
	Title:		Director
	
	 Goldman Sachs Bank USA, as a Lender
  

	By:		 /s/ JAMIE MINIERI

	Name:		Jamie Minieri
	Title:		Authorized Signatory

 [Signature Page to Second Amendment to Loan Agreement] 

 
			
	HSBC Bank USA, National Association, as a Lender
		
	By:		 /s/ DAVID A. CARROLL

	Name:		David A. Carroll
	Title:		Senior Vice President
	
	 SANTANDER BANK, N.A., as a Lender
  

	By:		 /s/ PALOMA DEL VALLE

	Name:		Paloma Del Valle
	Title:		Vice President
	
	[Sumitomo Mitsui Banking Corp.], as a Lender
		
	By:		 /s/ DAVID KEE

	Name:		David Kee
	Title:		Managing Director
	
	SUNTRUST BANK, as a Lender
		
	By:		 /s/ KEVIN CURTIN

	Name:		Kevin Curtin
	Title:		Director
	
	The Bank of Novia Scotia, as a Lender
		
	By:		 /s/ BRAD JARMAN

	Name:		Brad Jarman
	Title:		Associate Director
		
	By:		 /s/ KIM SNYDER

	Name:		Kim Snyder
	Title:		Director & Execution Head

 [Signature Page to Second Amendment to Loan Agreement] 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:		 /s/ SHERRESE CLARKE

	Name:		Sherrese Clarke
	Title:		Authorized Signatory

 [Signature Page to Second Amendment to Loan Agreement]EX-10.55

 Exhibit 10.55 

THIRD AMENDMENT TO TERM LOAN AGREEMENT 

This Third Amendment to Term Loan Agreement (this “Amendment”) is made as of February 20, 2015, by and among AMERICAN
TOWER CORPORATION, as Borrower (the “Borrower”), THE ROYAL BANK OF SCOTLAND PLC, as Administrative Agent (the “Administrative Agent”), and the financial institutions whose names appear as lenders on the
signature page hereof. 
 WHEREAS, the Borrower and the Administrative Agent are party to that certain Term Loan Agreement, dated as
of October 29, 2013 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Loan Agreement”) among the Borrower, the Administrative Agent and the Lenders from time to time party
thereto. 
 WHEREAS, the Borrower, the Administrative Agent and the Lenders who are signatories hereto and who constitute Majority
Lenders have agreed to amend the Loan Agreement pursuant to Section 11.11 of the Loan Agreement. 
 WHEREAS, pursuant to
Section 2.13 of the Loan Agreement, the Borrower has requested Incremental Term Loan Commitments in an aggregate amount of $500,000,000. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the
parties hereto, the parties hereby agree as follows: 
 1. DEFINED TERMS. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings given to them in the Loan Agreement. 
 2. AMENDMENT. The Loan Agreement is hereby amended as follows: 

(a) Section 1.1 of the Loan Agreement is hereby amended by inserting the following definition of “Verizon Transaction”: 

“Verizon Transaction” means that certain transaction among the Borrower, Verizon Communications, Inc. and certain of their
affiliates pursuant to that certain Master Agreement dated February 5, 2015.” 
 (b) Section 2.13 of the Loan Agreement is
hereby amended by deleting “$500,000,000” in clause (iii) thereof and replacing it with “$1,000,000,000”. 
 (c)
Section 7.6 of the Loan Agreement is hereby amended by deleting the text thereof and inserting in its place the following: 

“As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (a) Total Debt on such calculation
date to (b) Adjusted EBITDA, as of the last day of such fiscal quarter to be greater than (i) for the fiscal quarters ended December 31, 2014 through the end of the fiscal quarter ended immediately prior to the closing of

 
the Verizon Transaction, 6.00 to 1.00, (ii) for the first and second fiscal quarters ending on or after the closing of the Verizon Transaction, 7.25 to 1.00, (iii) for the two
subsequent fiscal quarters, 7.00 to 1.00 and (iv) thereafter, 6.00 to 1.00, provided, that, solely for purposes of Section 7.1(i)(ii) and the determination of pro forma compliance, the ratio shall be deemed to be 7.25 to 1.00 as of the end
of the fiscal quarter ended immediately prior to the closing of the Verizon Transaction.” 
 3. BRING-DOWN OF REPRESENTATIONS.
The Borrower hereby certifies that, as of the date of this Amendment, (i) the representations and warranties contained in Section 4.1 of the Loan Agreement are true and correct in all material respects, except for those representations and
warranties that are qualified by materiality or Materially Adverse Effect, which shall be true and correct, both before and after giving effect to this Amendment, and after giving effect to any updates to information provided to the Lenders in
accordance with the terms of the Loan Agreement except to the extent stated to have been made as of the Agreement Date, and (ii) no Default exists. 

4. EFFECTIVENESS. This Amendment shall become effective upon the Administrative Agent receiving this Amendment duly executed by the Borrower
and the Majority Lenders. 
 5. NO OTHER AMENDMENTS. Except as provided herein, each of the other provisions of the Loan Agreement shall
remain in full force and effect. 
 6. COUNTERPARTS. This Amendment may be executed in any number of counterparts, each of which shall be
deemed to be an original, but all such separate counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by telecopier or electronic transmission shall be effective
as delivery of a manually executed counterpart. 
 7. GOVERNING LAW. This Amendment shall be construed in accordance with and governed by
the internal laws of the State of New York applicable to agreements made and performed in the State of New York. 
 8. MISCELLANEOUS. 

(a) On and after the effective date of this Amendment, each reference in the Loan Agreement to “this Agreement,”
“hereunder,” “hereof” or words of like import referring to the Loan Agreement shall mean and be a reference to the Loan Agreement, as amended by this Amendment. 

(b) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

(c) On and after the effectiveness of this Amendment, this Amendment shall for all purposes constitute a Loan Document. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment or caused it to be executed
by their duly authorized officers, all as of the day and year above written. 
  

							
	BORROWER:				AMERICAN TOWER CORPORATION
				
					By:		 /s/ THOMAS A. BARTLETT

					Name:		Thomas A. Bartlett
					Title:		Executive Vice President and Chief
							Financial Officer

 [Signature Page to Third Amendment to Term Loan Agreement] 

							
	LENDERS				 THE ROYAL BANK OF SCOTLAND PLC, as

Administrative Agent and a Lender

				
					By:		 /s/ MATTHEW PENNACHIO

					Name:		Matthew Pennachio
					Title:		Director
			
					ROYAL BANK OF CANADA, as a Lender
				
					By:		 /s/ D.W. SCOTT JOHNSON

					Name:		D.W. Scott Johnson
					Title:		Authorized Signatory
			
					Toronto Dominion (Texas) LLC, as a Lender
				
					By:		 /s/ ALICE MARE

					Name:		Alice Mare
					Title:		Authorized Signatory
			
					JPMORGAN CHASE BANK, N.A., as a Lender
				
					By:		 /s/ DONATUS O. ANUSIONWU

					Name:		Donatus O. Anusionwu
					Title:		Vice President
			
					BARCLAYS BANK PLC, as a Lender
				
					By:		 /s/ ALICIA BORYS

					Name:		Alicia Borys
					Title:		Vice President

 [Signature Page to Third Amendment to Term Loan Agreement] 

 
			
	CoBank ACB, as a Lender
		
	By:		 /s/ GARY FRANKE

	Name:		Gary Franke
	Title:		Vice President
	
	CITIBANK, N.A., as a Lender
		
	By:		 /s/ KEITH LUKASAVICH

	Name:		Keith Lukasavich
	Title:		Director & Vice President
	
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:		 /s/ SHERRESE CLARKE

	Name:		Sherrese Clarke
	Title:		Authorized Signatory
	
	The Bank of Tokyo-Mitsubishi UFJ, Ltd., as a Lender
		
	By:		 /s/ ARTURO DE PEÑA

	Name:		Arturo de Peña
	Title:		Managing Director
	
	BNP PARIBAS, as a Lender
		
	By:		 /s/ MELISSA DYKI

	Name:		Melissa Dyki
	Title:		Director
		
	By:		 /s/ JENNY SHUM

	Name:		Jenny Shum
	Title:		Vice President

 [Signature Page to Third Amendment to Term Loan Agreement] 

 
			
	CREDIT AGRICOLE
	 CORPORATE AND INVESTMENT BANK, as

a Lender

		
	By:		 /s/ TANYA CROSSLEY

	Name:		Tanya Crossley
	Title:		Managing Director
		
	By:		 /s/ JILL WONG

	Name:		Jill Wong
	Title:		Director
	
	[Sumitomo Mitsui Banking Corp.], as a Lender
		
	By:		 /s/ DAVID KEE

	Name:		David Kee
	Title:		Managing Director
	
	SUNTRUST BANK, as a Lender
		
	By:		 /s/ KEVIN CURTIN

	Name:		Kevin Curtin
	Title:		Director
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:		 /s/ MARIE FORURIA

	Name:		Marie Foruria
	Title:		Vice President
	
	COMPASS BANK, as a Lender
		
	By:		 /s/ RAJ NAMBIAR

	Name:		Raj Nambiar
	Title:		Vice President

 [Signature Page to Third Amendment to Term Loan Agreement] 

 
			
	HSBC Bank USA, National Association, as a Lender
		
	By:		 /s/ DAVID A. CARROLL

	Name:		David A. Carroll
	Title:		Senior Vice President
	
	MIZUHO BANK (USA), as a Lender
		
	By:		 /s/ DAVID LIM

	Name:		David Lim
	Title:		Authorized Signatory
	
	Goldman Sachs Bank USA, as a Lender
		
	By:		 /s/ JAMIE MINIERI

	Name:		Jamie Minieri
	Title:		Authorized Signatory
	
	FIRST HAWAIIAN BANK, as a Lender
		
	By:		 /s/ DAWN HOFMANN

	Name:		Dawn Hofmann
	Title:		Senior Vice President
	
	The Bank of East Asia, Limited, New York Branch, as a Lender
		
	By:		 /s/ JAMES HUA

	Name:		James Hua
	Title:		SVP
		
	By:		 /s/ KITTY SIN

	Name:		Kitty Sin
	Title:		SVP

 [Signature Page to Third Amendment to Term Loan Agreement] 

 
			
	City National Bank, as a Lender
		
	By:		 /s/ JEANINE SMITH

	Name:		Jeanine Smith
	Title:		Senior Vice President
	
	Bank Hapoalim B.M., as a Lender
		
	By:		 /s/ HELEN H. GATESON

	Name:		Helen H. Gateson
	Title:		Vice President
		
	By:		 /s/ CHARLES McLAUGHLIN

	Name:		Charles McLaughlin
	Title:		Senior Vice President
	
	AZB Funding 3, as a Lender
		
	By:		 /s/ HIROSHI MATSUMOTO

	Name:		Hiroshi Matsumoto
	Title:		Authorized Signatory

 [Signature Page to Third Amendment to Term Loan Agreement]

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