SBA Communications offers senior notes in three series (2030, 2031, 2033); size and rates TBD

Filed July 13, 2026 · ~2 min read

Key Changes

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  SBA Communications is offering three series of senior unsecured notes maturing in 2030, 2031, and 2033. Principal amounts and interest rates are not yet finalized in this preliminary prospectus supplement.

  The Offering verify on EDGAR →
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  Net proceeds will repay the $2.254 billion 2024 Term Loan in full and partially or fully repay the $1.285 billion Revolving Credit Facility balance, with any remainder for general corporate purposes. This is debt refinancing, not growth investment.

  Use of Proceeds verify on EDGAR →
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  The notes are issued by the parent holding company and are NOT guaranteed by operating subsidiary SBA Telecommunications or any of its subsidiaries. Noteholders are structurally subordinated to all creditors of those subsidiaries. As of March 31, 2026, SBA had $13.0 billion of consolidated debt outstanding.

  The Offering verify on EDGAR →