---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-211816"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2021-07-09T23:59:59+00:00"
generated_at: "2026-06-30T06:16:39.062270+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SBA ups revolver to $1.5B, extends maturity to 2026, cuts margin by 0.25%

## Summary
- Revolving credit commitments increased from $1.25B to $1.5B; maturity extended from 2023 to July 7, 2026.
- Interest margins reduced: Eurodollar spread upper end cut to 1.250% (from 1.500%); Base Rate spread to 0.250% (from 0.500%).
- Added sustainability-linked pricing adjustments: up to 0.05% interest rate and 0.01% fee changes based on tower lighting targets.
- No other material terms of the Credit Agreement changed; all other conditions remain unchanged.

## SEC filing metadata
- accession: 0001193125-21-211816
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2021-07-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312521211816/0001193125-21-211816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312521211816/d148908d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-211816
- JSON: https://secwatch.observer/filing/0001193125-21-211816.json
- Plain text: https://secwatch.observer/filing/0001193125-21-211816.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.