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 24, 1999
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 5 Other Events
SBA Communications Corporation's ("SBA) wholly-owned subsidiary, SBA
Telecommunications, Inc. has successfully closed on a new $125 million
senior credit facility. The new credit facility replaces the prior $55
million credit facility and will be used to fund the construction and
acquisition of wireless communications towers and related assets, as
well as for general corporate purposes. A copy of the press release
issued by SBA, on February 16, 1999 with respect to this financing is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
Item 7 Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated February 16, 1999
99.2 AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 5,
1999, among SBA COMMUNICATIONS CORPORATION, a Florida
corporation ("Holdings"), SBA TELECOMMUNICATIONS, INC., a
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Florida corporation (the "Borrower"), the several banks and
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other financial institutions or entities from time to time
parties to this Agreement (the "Lenders"), LEHMAN BROTHERS INC.,
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as advisor and book manager (`LBI"), LEHMAN BROTHERS INC., as a
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co-arranger (in such capacity, a "Co-Arranger"), GENERAL
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ELECTRIC CAPITAL CORPORATION, as a co-arranger (in such
capacity, a "Co-Arranger") and as syndication agent (in such
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capacity, the "Syndication Agent"), TORONTO DOMINION (TEXAS),
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INC., as documentation agent (in such capacity, the
"Documentation Agent"), BARCLAYS BANK PLC (in such capacity, the
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"Co-Documentation Agent") and LEHMAN COMMERCIAL PAPER INC., as
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administrative agency (in such capacity, the "Administrative
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Agent").
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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 24, 1999 /s/ Jeffrey A. Stoops
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Jeffrey A. Stoops
Chief Financial Officer