SBA Communications to redeem 4 7/8% notes using new note proceeds

By Sarah Lizee

Olympia, Wash., Jan. 21 – SBA Communications Corp. plans to redeem all $750 million of its 4 7/8% senior notes due 2022 using proceeds from new notes, according to a press release.

The company announced Tuesday that it launched a private offering of $750 million of senior notes due 2027.

The existing notes will be redeemed on Feb. 20.

SBA is a Boca Raton, Fla.-based owner and operator of wireless communications infrastructure.

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