SBA Communications buys back $13.7 million 10¼% notes for stock

Pittsburgh, Oct. 12 - SBA Communications Corp. bought back a total of $13.7 million of its 10¼% senior notes plus accrued interest in exchange for 1.7 million shares of common stock, according to an 8-K filed with the Securities and Exchange Commission.

The repurchases were in a series of transactions since the company filed an 8-K report with the SEC on Sept. 21.

Adjusted for these transactions, as of Sept. 30, the company would have had $270 million of its 10¼% notes and 61.2 million shares of common stock outstanding, the filing said.

SBA is a Boca Raton, Fla., wireless communications infrastructure operator.

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