Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item |
SBA Communications to repay revolver with tower revenue note proceeds
By Marisa Wong
Morgantown, W.Va., Oct. 13 – SBA Communications Corp. plans to repay drawn amounts on its revolving credit facility using proceeds from an offering of tower revenue securities, according to an 8-K filing with the Securities and Exchange Commission.
The company priced $500 million of secured tower revenue securities. Proceeds will also be used for general corporate purposes.
The offering of 2015-1 securities is expected to close on Wednesday.
The wireless communications provider is based in Boca Raton, Fla.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.