Item 3.02 Unregistered Sales of Equity Securities
On October 8, 2008, SBA Communications Corporation (the "Company") entered into
two negotiated transactions pursuant to which the Company agreed to repurchase
$60,500,000 in principal amount of its 0.375% Convertible Senior Notes due 2010
(the "0.375% Convertible Notes") in exchange for 2,735,000 shares of the
Company's common stock, for an effective share price against principal
indebtedness repurchased of $22.12. The transactions will settle by October 13,
2008. The notes repurchased represent 17.3% of the $350 million 0.375%
Convertible Notes outstanding.
The shares will be issued in reliance upon the exemption from registration
provided in Section 3(a)(9) of the Securities Act of 1933, as amended.
Add
SBAC to Portfolio
Set Alert
Email to a
Friend