SBA to redeem 4% notes due 2022, repay revolver via new notes

By Taylor Fox

New York, Jan. 14 – SBA Communications Corp. plans to redeem all $750 million of its 4% senior notes due 2022 on Feb. 11 using proceeds from its $1.5 billion offering of senior notes due 2029, according to a news release.

Remaining proceeds from the new notes will be used to repay amounts outstanding under the company’s revolving credit facility and for general corporate purposes.

SBA is a Boca Raton, Fla.-based owner and operator of wireless communications infrastructure in North, Central and South America and South Africa.

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