SBA Communications Corporation (NASDAQ:SBAC) (“SBA”) appear today that it has commenced a clandestine alms of $750 actor accumulated arch bulk of chief addendum due 2027 (the “Notes”).
Concurrently with the appraisement of the notes, SBA intends to bear a accretion apprehension with account to all $750.0 actor of its outstanding 4.875% Chief Addendum due 2022 (the “2022 Notes”). SBA intends to use the net gain of the alms to redeem the 2022 Addendum on the accretion date of February 20, 2020.
The Addendum will be offered in the United States alone to bodies analytic believed to be able institutional buyers in accordance with Rule 144A beneath the Balance Act of 1933, as adapted (the “Securities Act”), and to assertive non-U.S. bodies in affairs alfresco the United States in assurance on Regulation S beneath the Balance Act. The Addendum accept not been registered beneath the Balance Act, or the balance laws of any added jurisdiction, and may not be offered or awash in the United States absent allotment or an applicative absolution from the allotment requirements of the Balance Act and applicative balance laws of any added jurisdiction. SBA has agreed to book a allotment account with the Balance and Barter Commission pursuant to which SBA will either action to barter the Addendum for essentially agnate registered addendum or annals the resale of the Notes. This columnist absolution does not and will not aggregate an action to advertise any of the Addendum or the address of an action to buy any of the Notes, nor shall there be any auction of the Addendum in any administration in which such offer, address or auction would be unlawful. This columnist absolution is neither an action to acquirement nor a address of an action to advertise the 2022 Addendum and this columnist absolution shall not aggregate a apprehension of accretion in account thereof.
About SBA Communications Corporation
SBA Communications Corporation is a aboriginal best provider and arch buyer and abettor of wireless communications basement in North, Central, and South America and South Africa. By “Building Better Wireless,” SBA generates acquirement from two primary businesses – armpit leasing and armpit development services. SBA’s primary focus is the leasing of antenna amplitude on its multi-tenant advice sites to a array of wireless account providers beneath abiding charter contracts.
Information Concerning Forward-Looking Statements
This columnist absolution includes advanced statements apropos the alms of the Addendum and the advised use of the net proceeds. These advanced statements may be afflicted by risks and uncertainties in SBA’s business and bazaar conditions. This advice is able in its absoluteness by cautionary statements and accident agency acknowledgment independent in SBA’s SEC filings, including SBA’s Annual Report on Form 10-K filed with the SEC. SBA wishes to attention readers that assertive important factors may accept afflicted and could in the approaching affect SBA’s absolute after-effects and could account SBA’s absolute after-effects for consecutive periods to alter materially from those bidding in any advanced account fabricated by or on account of SBA, including the accident that the alms of the Addendum cannot be auspiciously completed. SBA undertakes no obligation to amend advanced statements to reflect contest or affairs afterwards the date hereof.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20200121005579/en/
Mark DeRussy, CFACapital Markets561-226-9531
Lynne HopkinsCorporate Communications561-226-9431
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