Form 8-K · Current report
SBA Communications 8-K, filed Jul 24, 2026
- Filed
- CIK
- 0001034054
- Accession no.
- 0001193125-26-315142
Summary
SBA Communications closed a $3.5 billion public offering of senior notes and entered a new $2.5 billion senior unsecured revolving credit facility, using the proceeds to repay in full its senior secured term loan and revolving credit facility borrowings and terminating its prior senior credit agreement.
Key points
- SBA Communications closed $1.35 billion of 4.875% senior notes due 2030, $1.35 billion of 5.150% senior notes due 2031, and $800 million of 5.450% senior notes due 2033.
- Net proceeds repaid in full a senior secured term loan due 2031 and borrowings under a senior secured revolving credit facility due 2029; the prior senior credit agreement was terminated.
- The new senior unsecured revolving credit facility provides up to $2.5 billion through July 23, 2031, with interest and commitment fees based on S&P and Fitch ratings.
- The new credit agreement requires a consolidated total net leverage ratio no greater than 7.50 to 1.00 and a consolidated senior secured leverage ratio no greater than 3.50 to 1.00.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement Indenture On July 23, 2026, SBA Communications Corporation (the “Company”) closed its previously announced public offering (the “Offering”) of $1.35 billion aggregate principal amount of its 4.875% Senior Notes due 2030 (the “2030 Notes”), $1.35 billion aggregate principal amount of its 5.150% Senior Notes due 2031 (the “2031 Notes”) and $800.0 million aggregate principal amount of its 5.450% Senior Notes due 2033 (the “2033 Notes” and, together with the 2030 Notes and the 2031 Notes, the “Notes”). The Notes were issued pursuant to an indenture dated as of July 23, 2026 (the “Base Indenture”), between the Company and U.S. …
An excerpt of the text as filed with the SEC, cut for length.
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