SBA Communications Corporation Elects Settlement Method of 1.875% Convertible Senior Notes Due 2013
BOCA RATON, Fla., Feb. 1, 2013 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA") announced today that on February 1, 2013 SBA provided notice to the trustee and holders of its 1.875% Convertible Senior Notes due 2013 (the "1.875% Notes") that it had elected to settle 100% of its conversion obligation pursuant to the Indenture governing the 1.875% Notes in cash, effective February 4, 2013.
About SBA Communications Corporation
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central and South America. By "Building Better Wireless", SBA generates revenue from two primary businesses - site leasing and site development services. SBA's primary focus is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.