SBA Announces Pricing of $1.5 Billion of 3.125% Senior Notes Due 2029
2021年1月15日 - 8:05AM
ビジネスワイヤ(英語)
SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announced
today that it has priced an offering of $1.5 billion aggregate
principal amount of senior notes due 2029 (the “Notes”). SBA
expects the closing of the Notes to occur on January 29, 2021. The
Notes will have an interest rate of 3.125% and will be issued at a
price of 100% of their face value.
On January 12, 2021, SBA delivered a redemption notice with
respect to all $750 million of its outstanding 4.000% Senior Notes
due 2022 (the “2017 Notes”). SBA intends to use the net proceeds of
the offering (i) to fully redeem all of the 2017 Notes and to pay
all premiums and costs associated with such redemption, (ii) to
repay amounts outstanding under its Revolving Credit Facility and
(iii) for general corporate purposes. The 2017 Notes will be
redeemable on February 11, 2021.
The Notes will be offered in the United States only to persons
reasonably believed to be qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and to certain non-U.S. persons in
transactions outside the United States in reliance on Regulation S
under the Securities Act. The Notes have not been registered under
the Securities Act, or the securities laws of any other
jurisdiction, 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
securities laws of any other jurisdiction. SBA has agreed to file a
registration statement with the Securities and Exchange Commission
pursuant to which SBA 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 any of the Notes, nor shall there be any sale of the Notes in
any jurisdiction in which such offer, solicitation or sale would be
unlawful. This press release is neither an offer to purchase nor a
solicitation of an offer to sell the 2017 Notes and this press
release shall not constitute a notice of redemption in respect
thereof.
About SBA Communications Corporation
SBA Communications Corporation is a leading independent owner
and operator of wireless communications infrastructure including
towers, buildings, rooftops, distributed antenna systems (DAS) and
small cells. With a portfolio of more than 32,000 communications
sites in 14 markets throughout the Americas and South Africa, SBA
is listed on NASDAQ under the symbol SBAC.
Information Concerning Forward-Looking Statements
This press release includes forward-looking statements regarding
the offering of the Notes and the intended use of the net proceeds.
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 Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210114006045/en/
Mark DeRussy, CFA Capital Markets 561-226-9531
Lynne Hopkins Corporate Communications 561-226-9431
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