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 November 1, 1999 SBA COMMUNICATIONS CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Florida 333-50219 65-0716501 - -------------------------------------------------------------------------------- (State or other jurisdiction of Commission File Number (I.R.S. Employer incorporation or organization) Identification No.) One Town Center Road, Boca Raton, Florida 33486 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) (561) 995-7670 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 5 Other Events SBA Communications Corporation ("SBA") announced today that it has extended its consent solicitation of the holders of its $269,000,000 in aggregate principal amount at maturity of 12% Senior Discount Notes due 2008 (the "Notes"). SBA is soliciting consents to amend a portion of Section 4.09 of the indenture, pertaining to the incurrence of indebtedness. The Company is offering a cash consent payment of 1.25% of the accreted value of the Notes to all holders of record who consent to the proposed amendment on or prior to October 28, 1999. The record date remains the close of business on October 7, 1999. The consent solicitation is conditioned upon, among other things, the receipt of consents from holders of at least two-thirds of all outstanding Notes. The consent solicitation will now expire at 5:00 P.M., New York time, on October 28, 1999, unless further extended. Lehman Brothers Inc. is serving as Solicitation Agent in connection with the consent solicitation. D. F. King & Co., Inc. is serving as Information Agent Item 7 Financial Statements and Exhibits (c) Exhibits 99.1 Press release dated October 21, 1999 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. November 1, 1999 /s/ Jeffrey A. Stoops --------------------- Jeffrey A. Stoops Chief Financial Officer