SBA Communications Corp Files 8-K on Material Definitive Agreement
Ticker: SBAC · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1034054
| Field | Detail |
|---|---|
| Company | Sba Communications Corp (SBAC) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1.45 billion, $620.0 million, $108.7 million, $1.165 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
SBA Comm entered a new material definitive agreement on 9/10, filing 8-K today.
AI Summary
On September 10, 2024, SBA Communications Corporation entered into a material definitive agreement related to financial obligations. The company, incorporated in Florida with its principal executive offices in Boca Raton, FL, filed this 8-K report on September 11, 2024.
Why It Matters
This filing indicates a significant new financial commitment or agreement for SBA Communications Corp, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Numbers
- 001-16853 — Commission File Number (Identifies the company's SEC filing history.)
- 65-0716501 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SBA Communications Corporation (company) — Registrant
- September 10, 2024 (date) — Date of earliest event reported
- September 11, 2024 (date) — Filing Date
- Florida (location) — State of Incorporation
- Boca Raton, FL (location) — Principal Executive Offices
FAQ
What specific type of material definitive agreement was entered into by SBA Communications Corporation?
The filing indicates the entry into a material definitive agreement related to financial obligations, but the specific details of the agreement are not provided in this summary.
What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?
This item signifies that the company has entered into an agreement that creates a direct financial liability or an obligation that is not recorded on its balance sheet.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 10, 2024.
What is SBA Communications Corporation's principal business address?
SBA Communications Corporation's principal executive offices are located at 8051 Congress Avenue, Boca Raton, FL 33487.
What is the company's standard industrial classification?
The company's standard industrial classification is 'REAL ESTATE INVESTMENT TRUSTS [6798]'.
Filing Stats: 1,106 words · 4 min read · ~4 pages · Grade level 15.5 · Accepted 2024-09-11 08:32:59
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share SBAC The NASDAQ
- $1.45 billion — mpany ("SBA Depositor"), agreed to sell $1.45 billion aggregate principal amount of Secured T
- $620.0 million — that the Trust will also agree to sell $620.0 million aggregate principal amount of Secured T
- $108.7 million — Guarantor") will also agree to purchase $108.7 million principal amount of Secured Tower Reven
- $1.165 billion — wer Revenue Securities, Series 2019-1C ($1.165 billion) and the Secured Tower Revenue Securiti
- $61.4 million — wer Revenue Securities, Series 2019-1R ($61.4 million), as well as accrued and unpaid interes
Filing Documents
- d819667d8k.htm (8-K) — 29KB
- 0001193125-24-216968.txt ( ) — 145KB
- sbac-20240910.xsd (EX-101.SCH) — 3KB
- sbac-20240910_lab.xml (EX-101.LAB) — 17KB
- sbac-20240910_pre.xml (EX-101.PRE) — 11KB
- d819667d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SBA COMMUNICATIONS CORPORATION By: /s/ Marc Montagner Marc Montagner Executive Vice President and Chief Financial Officer Date: September 11, 2024