{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-313427","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2021-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:04:11.181483+00:00","generated_at":"2026-06-28T16:03:56.477107+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SBA issues $1.79B tower securities at 1.84%-4.09%; repays revolver, redeems $1.1B of 4.875% notes due 2024","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-313427","json":"https://secwatch.observer/filing/0001193125-21-313427.json","markdown":"https://secwatch.observer/filing/0001193125-21-313427.md","text":"https://secwatch.observer/filing/0001193125-21-313427.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312521313427/0001193125-21-313427-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312521313427/d251247d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T16:03:56.477107+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}