{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-236794","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2024-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.440702+00:00","generated_at":"2026-05-30T15:12:18.947933+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SBA Communications issues $2.18B in tower securities to refinance existing debt","bullets":["Issued $1.45B Series 2024-1C (4.831%) and $620M Series 2024-2C (5.115%) tower securities, plus $108.7M Class R (6.252%) for risk retention.","Net proceeds ~$2.057B used to repay $620M 2014-2C and fund repayment of $1.165B 2019-1C and $61.4M 2019-1R in Jan 2025.","Mortgage loan increased by $2.18B gross ($332.3M net) to $8.8B total, secured by ~9,523 tower sites.","Effective rate on 2024-2C lowered to 4.654% via Treasury Rate Lock entered Sep 10, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-236794","json":"https://secwatch.observer/filing/0001193125-24-236794.json","markdown":"https://secwatch.observer/filing/0001193125-24-236794.md","text":"https://secwatch.observer/filing/0001193125-24-236794.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524236794/0001193125-24-236794-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524236794/d859076d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T15:12:18.947933+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"}