SBA Communications establishes $2.5B commercial paper program with up to 397-day maturities

SBA COMMUNICATIONS CORP

$2.5 billion maximum aggregate principal amount outstanding at any one time; amounts may be borrowed, repaid and reborrowed.
Maturities will not exceed 397 days from date of issue; proceeds intended for general corporate purposes.
Notes rank pari passu with other unsecured, unsubordinated debt and are structurally subordinated to subsidiary debt including secured tower revenue notes.
Notes sold on a private placement basis in the U.S. commercial paper market through one or more dealers under Section 4(a)(2); not registered under the Securities Act.
Program established September 25, 2026; filing signed by EVP and CFO Marc Montagner.

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