SBA Announces Offering of $650 Million of Senior Notes by SBA Telecommunications
2012年7月10日 - 9:10PM
SBA Communications Corporation (Nasdaq:SBAC) ("SBA") announced
today that its wholly owned subsidiary, SBA Telecommunications,
Inc. ("Telecommunications"), intends to offer, in a private
offering, $650 million of Senior Notes due 2020 (the "Notes"),
which will be guaranteed on a senior, unsecured basis by SBA.
Telecommunications intends to use the net proceeds from this
offering to (1) repay amounts outstanding under the Bridge Loan
under which a subsidiary of SBA borrowed an aggregate principal
amount of $400.0 million in connection with the Mobilitie
transaction and (2) repay a portion of the amounts outstanding
under the Revolving Credit Facility.
The Notes will be offered only to qualified institutional buyers
under Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to non-U.S. persons in transactions outside
the United States under Regulation S under the Securities Act. The
Notes have not been registered under the Securities Act, or any
state securities laws, and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws. Telecommunications and SBA have agreed to
file a registration statement with the Securities and Exchange
Commission (the "SEC") pursuant to which Telecommunications will
either offer to exchange the Notes for substantially similar
registered notes or register the resale of the Notes. This press
release does not and will not constitute an offer to sell any of
the Notes or the solicitation of an offer to buy the Notes, nor
shall there be any sale of the Notes in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
About SBA Communications Corporation
SBA Communications Corporation is a first choice provider and
leading owner and operator of wireless communications
infrastructure in North and Central America. By "Building Better
Wireless", SBA generates revenue from two primary businesses - site
leasing and site development services. SBA's primary focus is the
leasing of antenna space on its multi-tenant towers to a variety of
wireless service providers under long-term lease contracts.
Information Concerning Forward-Looking
Statements
This press release includes forward-looking statements regarding
the offering of the Notes. These forward-looking statements may be
affected by risks and uncertainties in SBA's business and market
conditions. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in SBA's
SEC filings, including SBA's report on Form 10-K filed with the
SEC. SBA wishes to caution readers that certain important factors
may have affected and could in the future affect SBA's actual
results and could cause SBA's actual results for subsequent periods
to differ materially from those expressed in any forward-looking
statement made by or on behalf of SBA, including the risk that the
offering of the Notes cannot be successfully completed. SBA
undertakes no obligation to update forward-looking statements to
reflect events or circumstances after the date hereof.
CONTACT: Mark DeRussy, CFA
Capital Markets
561-226-9531
Lynne Hopkins
Media Relations
561-226-9431
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