FOR IMMEDIATE RELEASE
SBA Announces Offering of $300 Million of Senior Notes
Boca Raton, Florida,
September 20, 2012
SBA Communications Corporation (NASDAQ: SBAC) (SBA) announced today that it intends to offer, in a
private offering, $300 million of Senior Notes due 2019 (the Notes).
SBA intends to use the net proceeds from this offering to
pay a portion of the cash consideration required in connection with SBAs pending acquisition of TowerCo II Holdings LLC. To the extent that the TowerCo acquisition does not close, SBA intends to use the net proceeds for general corporate
The Notes will be offered only to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the
Securities Act), and to non-U.S. persons in transactions outside the United States under Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and may not be
offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. SBA has agreed to file a registration statement with the Securities
and Exchange Commission (the SEC) pursuant to which SBA will either offer to exchange the Notes for substantially similar registered notes or register the resale of the Notes. This press release does not and will not constitute an offer
to sell any of the Notes or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About SBA Communications Corporation
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North and Central
America. By Building Better Wireless, SBA generates revenue from two primary businesses - site leasing and site development services. SBAs primary focus is the leasing of antenna space on its multi-tenant towers to a variety of
wireless service providers under long-term lease contracts.
Information Concerning Forward-Looking Statements
This press release includes forward-looking statements regarding the offering of the Notes. These forward-looking statements may be affected by risks and
uncertainties in SBAs business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in SBAs SEC filings, including SBAs report on Form 10-K filed with
the SEC. SBA wishes to caution readers that certain important factors may have affected and could in the future affect SBAs actual results and could cause SBAs actual results for subsequent periods to differ materially from those
expressed in any forward-looking statement made by or on behalf of SBA, including the risk that the offering of the Notes cannot be successfully completed. SBA undertakes no obligation to update forward-looking statements to reflect events or
circumstances after the date hereof.
Mark DeRussy, CFA