debt
confidence high
sentiment neutral
materiality 0.55
SBA Communications issues $3.5B in senior notes to repay term loan and revolver
SBA COMMUNICATIONS CORP
- Issued $1.35B of 4.875% notes due 2030, $1.35B of 5.150% notes due 2031, and $800M of 5.450% notes due 2033.
- Net proceeds to repay in full the senior secured term loan maturing Jan 2031 and revolver maturing Jan 2029.
- Underwriting agreement with Morgan Stanley, Barclays, Wells Fargo, and Goldman Sachs as representatives.
- Offering registered under shelf registration statement on Form S-3 (File No. 333-277527).