SBA issues $1.79B tower securities at 1.84%-4.09%; repays revolver, redeems $1.1B of 4.875% notes due 2024

SBA COMMUNICATIONS CORP

$895M 2021-2C at 1.840% due 2051 (anticipated repayment Apr 2027) and $895M 2021-3C at 2.593% due 2056 (anticipated repayment Oct 2031) issued.
Affiliate retains $94.3M 2021-3R at 4.09% to satisfy risk retention requirements.
Net proceeds ~$1.776B used to repay amounts outstanding under revolving credit facility and redeem $1.1B of 4.875% Senior Notes due 2024 on Nov 8, 2021.
Mortgage loan increased by $1.79B to total $7.05B; $575M of 2013-2C tower securities prepaid.
Ninth Loan Supplement executed; underlying collateral comprises ~9,900 tower sites with a 4.5% management fee to SBA Network Management.

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