---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-297813"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2021-10-13T23:59:59+00:00"
generated_at: "2026-06-28T21:01:11.191114+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SBA issues $1.79B tower securities at 1.84%/2.593%; redeems $1.1B notes due 2024

## Summary
- Issued $895M Series 2021-2C (1.840%, due 2051) and $895M Series 2021-3C (2.593%, due 2056) tower securities.
- SBA Guarantor purchased $94.3M Class 2021-3R securities (4.090%) to satisfy risk-retention requirement.
- Proceeds to repay $575M of 2013-2C tower securities and for general corporate purposes, including debt repayment.
- Called all $1.1B of 4.875% Senior Notes due 2024; redemption effective November 8, 2021.
- Offering expected to close on or about October 27, 2021.

## SEC filing metadata
- accession: 0001193125-21-297813
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2021-10-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312521297813/0001193125-21-297813-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312521297813/d204407d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-297813
- JSON: https://secwatch.observer/filing/0001193125-21-297813.json
- Plain text: https://secwatch.observer/filing/0001193125-21-297813.txt

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