---
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"
generated_at: "2026-05-31T05:22:51.547858+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SBA Communications issues $2.17B in tower securities to refinance existing debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-216968
- JSON: https://secwatch.observer/filing/0001193125-24-216968.json
- Plain text: https://secwatch.observer/filing/0001193125-24-216968.txt

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