UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
Date of Report February 4, 2000
SBA COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Florida 333-50219 65-0716501
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(State or other jurisdiction of Commission File Number (I.R.S. Employer Identification No.)
incorporation or organization)
One Town Center Road, Boca Raton, Florida 33486
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(Address of principal executive offices) (Zip code)
(561) 995-7670
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(Registrant's telephone number, including area code)
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Item 2 Other Events
SBA Communications Corporation announced that it has priced
its offering of Class A Common Stock. Immediately prior to
pricing, the Company filed an amendment to its Registration
Statement increasing the number of shares that would be
offered by SBA from 6,000,000 shares to 9,000,000 shares of
its Class A common stock plus up to 15% of additional shares
that may be offered by certain shareholders to cover any
over-allotments.
The price of the Class A common stock was set at $27.00 per
share.
Net proceeds from the offering will be used by the Company to
repay a portion of outstanding debt, to finance the
construction and acquisition of towers or related businesses,
and for general working capital purposes. The Company will not
receive the proceeds from any sale of shares by the selling
shareholders.
The offering was underwritten by Lehman Brothers, Deutsche
Banc Alex. Brown, Salomon Smith Barney Inc., Raymond James
& Associates, Inc. and Fidelity Capital Markets, a
division of National Financial Services Corporation.
Copies of a prospectus for the offering may be obtained from
the Prospectus Department of Lehman Brothers.
Item 7 Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated January 28, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
February 4, 2000 /s/ Jeffrey A. Stoops
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Jeffrey A. Stoops
Chief Financial Officer