SBA Communications Corp Enters Material Definitive Agreement
Ticker: SBAC · Form: 8-K · Filed: Oct 3, 2024 · CIK: 1034054
| Field | Detail |
|---|---|
| Company | Sba Communications Corp (SBAC) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
SBA Comm Corp just signed a big deal, creating a new financial obligation.
AI Summary
SBA Communications Corporation entered into a material definitive agreement on October 2, 2024, related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.
Why It Matters
This filing indicates a significant financial commitment or obligation for SBA Communications Corp, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new material definitive agreement and financial obligation introduces potential risks related to the terms, execution, and impact on the company's financial health.
Key Players & Entities
- SBA Communications Corporation (company) — Registrant
- October 2, 2024 (date) — Date of earliest event reported
- Florida (location) — State of Incorporation
- 8051 Congress Avenue Boca Raton, FL 33487 (address) — Principal Executive Offices
- (561) 995-7670 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by SBA Communications Corp?
The filing states that SBA Communications Corp entered into a material definitive agreement on October 2, 2024, which involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details are within the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 2, 2024.
What is SBA Communications Corp's principal executive office address?
SBA Communications Corp's principal executive office is located at 8051 Congress Avenue, Boca Raton, FL 33487.
What is the SIC code for SBA Communications Corp?
The Standard Industrial Classification (SIC) code for SBA Communications Corp is 6798, which corresponds to Real Estate Investment Trusts.
What is the filing date of this 8-K report?
This 8-K report was filed on October 3, 2024.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 13.4 · Accepted 2024-10-02 19:03:59
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share SBAC The NASDAQ
Filing Documents
- d136981d8k.htm (8-K) — 29KB
- d136981dex107e.htm (EX-10.7E) — 79KB
- 0001193125-24-231344.txt ( ) — 239KB
- sbac-20241002.xsd (EX-101.SCH) — 3KB
- sbac-20241002_lab.xml (EX-101.LAB) — 17KB
- sbac-20241002_pre.xml (EX-101.PRE) — 11KB
- d136981d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.7E First Amendment to the Third Amended and Restated Credit Agreement, dated October 2, 2024 among SBA Senior Finance II LLC, the lenders and other persons party thereto and Toronto Dominion (Texas) LLC, as administrative agent. 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).
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: October 2, 2024