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SBA Communications buys back $5.25 million 10¼% notes
Pittsburgh, Sept. 21 - SBA Communications Corp. said it agreed to buy back $5.25 million of its 10¼% senior notes in exchange for 966,000 shares of its common stock, according to an 8-K filed with the Securities and Exchange Commission.
As of June 30, SBA will have repurchased a total of $20.6 million of the notes, paid $8.8 million plus accrued interest and issued 2.46 million shares of common stock.
There will be $283.7 million of notes and 59.5 million shares outstanding after this buyback, according to the filing.
SBA Communications is a Boca Raton, Fla., wireless communications infrastructure operator.
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