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 January 10, 2000
SBA COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 333-50219 65-0716501
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(State or other jurisdiction of incorporation or organization) Commission File Number (I.R.S. Employer Identification No.)
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)
Item 2 Other Events
SBA Communications Corporation announced today that it has
filed a registration statement with the Securities and
Exchange Commission to register $100.0 million of its shares
of Class A Common Stock that will be offered by SBA. The
registration statement also covers up to 15% of additional
shares that may be offered by certain shareholders to cover
any over-allotments.
Net proceeds from the offering will be used by the Company to
repay revolving credit borrowings under its senior credit
facility, 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 is underwritten by Lehman Brothers, Deutsche Banc
Alex.Brown and Raymond James & Associates, Inc.
This registration statement has been filed with the Securities
and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes
effective. This communication shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state.
Copies of a preliminary prospectus for the offering may be
obtained from the Prospectus Department of Lehman Brothers.
The Company also intends to file in the next few days a shelf
registration statement on Form S-4 registering 1,000,000
shares of Class A common stock which may be issued by the
Company in connection with the acquisition of towers or
related businesses at various locations throughout the United
States.
Item 7 Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated January 6, 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.
January 10, 2000 /s/ Jeffrey A. Stoops
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Jeffrey A. Stoops
Chief Financial Officer