SBA Communications to sell $500 million five-year notes on Thursday

By Paul A. Harris

Portland, Ore., Sept. 28 – SBA Communications Corp. plans to price a $500 million offering of five-year senior notes (expected ratings B2/B+) in a quick-to-market Thursday trade following a mid-morning conference call with investors, according to a syndicate source.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays, Deutsche Bank Securities Inc., Mizuho Securities, TD Securities and Wells Fargo Securities LLC are the underwriters.

The Rule 144A and Regulation S with registration rights notes come with two years of call protection.

The Boca Raton, Fla.-based owner and operator of wireless communications infrastructure plans to use the proceeds to repay debt under its revolving credit facility.

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