SBA Communications secures $2 billion unsecured term loan agreement
Bitget2026/11/09 11:31- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Crypto prices
More
