SBA Communications Corp Files 8-K on Material Definitive Agreement

Ticker: SBAC · Form: 8-K · Filed: 2024-09-11T00:00:00.000Z

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

Key Players & Entities

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]'.

From the Filing

0001193125-24-216968.txt : 20240911 0001193125-24-216968.hdr.sgml : 20240911 20240911083259 ACCESSION NUMBER: 0001193125-24-216968 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240910 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20240911 DATE AS OF CHANGE: 20240911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 241291475 BUSINESS ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 5612269345 MAIL ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 8-K 1 d819667d8k.htm 8-K 8-K SBA COMMUNICATIONS CORP false 0001034054 0001034054 2024-09-10 2024-09-10     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) September 10, 2024     SBA Communications Corporation (Exact Name of Registrant as Specified in its Charter)       Florida   001-16853   65-0716501 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   8051 Congress Avenue Boca Raton , FL   33487 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: (561) 995-7670   (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.01 par value per share   SBAC   The NASDAQ Stock Market LLC (NASDAQ Global Select Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐  Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. Purchase Agreement for 2024 Tower Securities On September 10, 2024, SBA Senior Finance, LLC (“SBA Senior Finance”), an indirect subsidiary of SBA Communications Corporation (the “Company”), entered into a Purchase Agreement (the “Purchase Agreement”) among SBA Senior Finance, Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), and Barclays Capital Inc. and Wells Fargo Securities

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