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SBA Communications Corporation (SBAC) Q2 2021 Earnings Call Transcript

SBA Communications Corporation (SBAC) Q2 2021 Earnings Call Transcript
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Airtel Africa to sell Tanzanian arm s tower portfolio to SBA Comm for $175 million

SBA brings first cell tower ABS in 2021

Mizuho as the lead underwriters, market participants said. The note with a weighted average life of 5.5 years is expected to be rated A2 by Moody s and A by Fitch. The deal is going well so far. We just announced it this morning and momentum is building nicely, a source close to the deal said, adding the transaction could price on Thursday. Most of the money raised will be used to repay two notes totaling US$800m that were issued in 2017, while the rest of the proceeds will be earmarked for transaction expenses and general corporate purposes, Fitch analysts said in a pre-sale report.

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