---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-402918"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2026-09-25T20:37:58+00:00"
generated_at: "2026-10-12T13:25:14.988126+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-26-402918
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2026-09-25T20:37:58+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312526402918/0001193125-26-402918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312526402918/d152825d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-402918
- JSON: https://secwatch.observer/filing/0001193125-26-402918.json
- Plain text: https://secwatch.observer/filing/0001193125-26-402918.txt

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