SBA Communications secures $2 billion unsecured term loan agreement

• SBA Communications entered a $2 billion senior unsecured term loan agreement on Nov. 6, 2026, with Wells Fargo and Citibank as agents.
• Initial loans of $1.17 billion were fully funded at closing to repay the Secured Tower Revenue Securities, Series 2021-1C.
• The remaining $835 million is available through May 6, 2027, in up to three delayed drawings.
• The loans mature Nov. 6, 2029, with no amortization; repayments cannot be reborrowed.
• Interest is term SOFR plus 0.75%-1.38%, or a base rate plus 0%-0.38%, depending on credit ratings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SBA Communications Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-452559), on November 09, 2026, and is solely responsible for the information contained therein.