SBA Communications Corp Files 8-K for Material Agreement

TL;DR

SBA Comm Corp just filed an 8-K for a new material definitive agreement, likely involving debt or financial obligations.

AI Summary

SBA Communications Corporation entered into a material definitive agreement on October 11, 2024. This agreement involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant financial event for SBA Communications Corp, potentially impacting its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that could affect the company's financial health.

Key Players & Entities

• SBA Communications Corporation (company) — Registrant
• October 11, 2024 (date) — Date of report and earliest event

FAQ

Key Financial Figures

• $0.01 — which registered Class A Common Stock, $0.01 par value per share SBAC The NASDAQ
• $1.45 billion — , and the Initial Purchasers purchased, $1.45 billion aggregate principal amount of Secured T
• $620.0 million — st issued, and the Purchaser purchased, $620.0 million aggregate principal amount of Secured T
• $108.7 million — itor (" SBA Guarantor ") also purchased $108.7 million principal amount of Secured Tower Reven
• $2.057 billion — ds from the offering were approximately $2.057 billion after deducting initial purchasers' dis
• $1.165 billion — wer Revenue Securities, Series 2019-1C ($1.165 billion) (the " 2019-1C Tower Securities ") and
• $61.4 million — wer Revenue Securities, Series 2019-1R ($61.4 million) (the " 2019-1R Tower Securities ") on
• $2.18 billion — the " Mortgage Loan ") was increased by $2.18 billion (or by a net of $332.3 million after gi
• $332.3 million — reased by $2.18 billion (or by a net of $332.3 million after giving effect to the repayment of
• $8.8 billion — and severally liable for the aggregate $8.8 billion under the Mortgage Loan corresponding t
• $8.8 b — outstanding under the Mortgage Loan is $8.8 billion, comprised of (1) $1.165 billion
• $750.0 million — ions as the 2019-1R Securities, (3) the $750.0 million loan component with the same terms and
• $600.0 million — s the 2020-1C Tower Securities, (4) the $600.0 million loan component with the same terms and
• $71.1 million — s the 2020-2C Tower Securities, (5) the $71.1 million loan component with the same terms and
• $895.0 million — s the 2021-1R Tower Securities, (8) the $895.0 million loan component with the same terms and

Filing Documents

• d859076d8k.htm (8-K) — 44KB
• d859076dex106a.htm (EX-10.6A) — 262KB
• d859076dex106b.htm (EX-10.6B) — 139KB
• d859076dex1012k.htm (EX-10.12K) — 104KB
• 0001193125-24-236794.txt ( ) — 775KB
• sbac-20241011.xsd (EX-101.SCH) — 3KB
• sbac-20241011_lab.xml (EX-101.LAB) — 17KB
• sbac-20241011_pre.xml (EX-101.PRE) — 11KB
• d859076d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.6A Purchase Agreement, dated September 10, 2024, among SBA Senior Finance, LLC, Deutsche Bank Trust Company Americas, as Trustee, and the several Initial Purchasers listed on Schedule I thereto. 10.6B Purchase Agreement, dated October 11, 2024, among SBA Senior Finance, LLC, Deutsche Bank Trust Company Americas, as Trustee, and the several Initial Purchasers listed on Schedule I thereto. 10.12K Eleventh Loan and Security Agreement Supplement, dated October 11, 2024, by and among the Borrowers named therein and Midland Loan Services, a division of PNC Bank, National Association, as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee. 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 11, 2024

View Full Filing

View this 8-K filing on SEC EDGAR