SBA Communications Issues $3.5B Notes, Secures $2.5B Credit Facility

SBA Communications Corporation closed a public offering of $3.5 billion aggregate principal amount of senior notes across three tranches with maturities in 2030, 2031, and 2033. The company utilized the net proceeds from this offering to fully repay its senior secured term loan and outstanding borrowings under its senior secured revolving credit facility. Concurrently, SBA Communications also entered into a new senior unsecured revolving credit agreement, providing for up to $2.5 billion in borrowing capacity.