{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-216968","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2024-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.950457+00:00","generated_at":"2026-05-31T05:22:51.547858+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"SBA Communications issues $2.17B in tower securities to refinance existing debt","bullets":["Issued $1.45B of 2024-1C Tower Securities at 4.831% due Oct 2054 (anticipated repayment Oct 2029).","Issued $620M of 2024-2C Tower Securities at 4.654% due Oct 2054 (anticipated repayment Oct 2027).","Affiliate SBA Guarantor retains $108.7M of 2024-1R Tower Securities at 6.252% for risk retention.","Net proceeds to repay $1.846B of existing tower securities (2014-2C, 2019-1C, 2019-1R) plus accrued interest.","Expected closing on or about October 11, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-216968","json":"https://secwatch.observer/filing/0001193125-24-216968.json","markdown":"https://secwatch.observer/filing/0001193125-24-216968.md","text":"https://secwatch.observer/filing/0001193125-24-216968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524216968/0001193125-24-216968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524216968/d819667d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:22:51.547858+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"}