Every 8-K that SBA Communications Corp (SBAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SBAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SBAC filings page.
SBA Communications Corporation established a commercial paper program permitting issuance of short-term, unsecured notes with aggregate principal outstanding of up to $2.5 billion at any one time. Amounts may be borrowed, repaid and reborrowed, and note maturities may vary but cannot exceed 397 days from issuance. Proceeds are intended for general corporate purposes, and the notes will be sold on customary terms in the U.S. commercial paper market on a private placement basis.
The notes rank pari passu with the company’s other unsecured, unsubordinated debt; they rank effectively junior to secured debt to the extent of the value of collateral and are structurally subordinated to liabilities of the company’s subsidiaries. One or more commercial paper dealers will purchase notes or arrange their sale, and a national bank will act as issuing and paying agent. Notes offered under the program will not be registered and will be issued in reliance on the Securities Act’s Section 4(a)(2) exemption.
SBA Communications reported second quarter 2026 total revenues of $715.3 million, up from $699.0 million a year earlier. Site leasing revenue rose to $663.9 million, a 5.1% increase, while site development revenue declined 23.5% to $51.4 million. Net income was $196.5 million and diluted EPS was $1.87, down 12.9% and 10.7%, respectively. Adjusted EBITDA edged up 1.8% to $483.8 million, and AFFO was $324.4 million or $3.05 per share.
International site leasing remained a growth driver, with revenue up 30.5% to $211.4 million, while domestic site leasing revenue was $452.5 million. Tower Cash Flow was $524.9 million with a margin of 79.5%. SBA acquired 6 sites for $10.5 million, built 109 towers, and ended June 30, 2026 owning or operating 46,390 sites.
The company ended the quarter with $12.8 billion of total debt, $12.4 billion of Net Debt, and a Net Debt to Annualized Adjusted EBITDA ratio of 6.4x, within its 6.0x–7.0x target range. After quarter end it issued $3.5 billion of senior unsecured notes and put in place a new $2.5 billion unsecured revolving credit facility. For full year 2026, SBA guides to site leasing revenue of $2.651–2.676 billion, Adjusted EBITDA of $1.920–1.940 billion, and AFFO of $1.270–1.318 billion or $11.95–12.40 per share. The board declared a quarterly cash dividend of $1.25 per share, payable September 17, 2026.
SBA Communications Corporation completed a major refinancing of its capital structure. It closed a public offering of $1.35 billion 4.875% Senior Notes due 2030, $1.35 billion 5.150% Senior Notes due 2031, and $800.0 million 5.450% Senior Notes due 2033. Net proceeds were used to repay in full a senior secured term loan scheduled to mature on January 25, 2031 and all outstanding borrowings under a senior secured revolving credit facility scheduled to mature on January 25, 2029, with any remaining proceeds earmarked for general corporate purposes.
The new Notes are senior unsecured obligations of SBA Communications, structurally subordinated to liabilities of its operating subsidiaries, and include change-of-control put rights at 101% of principal and various optional redemption features tied to Treasury rates and Par Call Dates. Concurrently, the company entered into a new senior unsecured credit agreement providing a $2.5 billion revolving credit facility maturing July 23, 2031. Borrowings bear interest at benchmark rates plus margins that vary with credit ratings, and the agreement includes leverage covenants requiring a Consolidated Total Net Leverage Ratio not above 7.50 to 1.00 (up to 8.00 to 1.00 after certain acquisitions) and a Consolidated Senior Secured Leverage Ratio not above 3.50 to 1.00.
SBA Communications completed an offering of three series of senior notes under its automatic shelf registration statement on Form S-3. The company issued $1,350,000,000 of 4.875% Senior Notes due 2030, $1,350,000,000 of 5.150% Senior Notes due 2031, and $800,000,000 of 5.450% Senior Notes due 2033.
A current report provides the legal opinion of Greenberg Traurig, P.A. on the legality of the issuance and sale of these notes as Exhibit 5.1, together with the related consent and an Inline XBRL cover page data file.
On July 14, 2026, SBA Communications Corporation agreed to issue and sell $1,350,000,000 of 4.875% Senior Notes due 2030, $1,350,000,000 of 5.150% Senior Notes due 2031 and $800,000,000 of 5.450% Senior Notes due 2033 in a registered public offering under its shelf registration statement on Form S-3.
The company intends to use the net proceeds to repay in full its senior secured term loan maturing on January 25, 2031 and to repay in full outstanding borrowings under its senior secured revolving credit facility maturing on January 25, 2029. Morgan Stanley & Co. LLC, Barclays Capital Inc., Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC act as representatives for the several underwriters, with whom SBA has existing commercial and financing relationships.
SBA Communications Corporation reported the results of its 2026 Annual Meeting of Shareholders. Shareholders elected three Class III directors—Steven E. Bernstein, Laurie Bowen, and Amy E. Wilson—to terms expiring at the 2029 annual meeting, each receiving strong support based on votes cast.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with 88,353,112 votes in favor versus 5,586,172 against and 1,621,215 abstentions. In addition, they ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year, with 91,422,274 votes for, 6,600,498 against, and 14,473 abstentions.
SBA Communications Corporation reported mixed first quarter 2026 results and raised its full-year outlook. Total revenues were $703.4 million, up from $664.2 million, driven by site leasing revenue of $656.1 million, a 6.5% increase over 2025. Net income declined to $184.9 million from $217.9 million, with diluted EPS falling to $1.74 from $2.04, while Adjusted EBITDA rose to $475.4 million from $457.3 million. AFFO decreased to $321.7 million from $343.9 million, with AFFO per share at $3.03 versus $3.18. The company now expects full-year 2026 total revenues of $2.839–$2.884 billion and AFFO per share of $11.93–$12.38. The board declared a quarterly cash dividend of $1.25 per share, payable June 17, 2026 to shareholders of record on May 22, 2026.
SBA Communications Corporation announced that Mark Ciarfella, its Executive Vice President of U.S. Operations, has notified the company of his intent to retire from his current title and roles effective December 31, 2026. He will remain with the company as a non-executive employee through March 7, 2027 to support the transition of his responsibilities. This extended timetable is designed to provide continuity in U.S. operations leadership while the company manages succession and handover.
SBA Communications reported mixed fourth quarter 2025 results while raising its dividend and issuing 2026 guidance. Q4 total revenues were $719.6 million, up modestly from $693.7 million, driven by site leasing revenue of $666.2 million, a 3.1% increase.
Net income jumped to $370.4 million, more than double the prior year, with diluted EPS rising to $3.47 from $1.61. However, Adjusted EBITDA slipped to $486.0 million, down 0.7%, and AFFO fell to $340.4 million, a 9.2% decline, reflecting higher interest costs and other items.
The board declared a quarterly cash dividend of $1.25 per share, about 13% higher than the prior quarter, payable on March 27, 2026. Management highlighted repurchases of over 916 thousand shares at an average price of $191.00 since the last earnings release and 2.5 million shares for $500.0 million during 2025.
For full year 2026, the company targets total revenues of $2.815–$2.860 billion, Adjusted EBITDA of $1.912–$1.932 billion, and AFFO of $1.260–$1.308 billion, or $11.84–$12.29 per share. This outlook excludes all contracted revenue from EchoStar given an ongoing payment dispute.
SBA Communications Corporation filed an 8‑K stating it issued a press release on November 3, 2025. The release covers financial and operational results for the third quarter ended September 30, 2025, updates full‑year 2025 guidance, and announces the company’s quarterly dividend.
The press release is furnished as Exhibit 99.1. SBA’s Class A common stock trades on the NASDAQ Global Select Market under the symbol SBAC.