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SBA Communications closes $750M senior notes offering

SBA Communications Corp. issued 4.000% senior notes due Oct. 1, 2022, in a just-completed offering.

The offering comprised $750 million of the notes, which were issued at 100% of their face value. The notes will pay interest semiannually every April 1 and Oct. 1, starting April 1, 2018. The company said earlier that it will use the net proceeds mainly to repay amounts outstanding under the revolving credit facility of its senior credit agreement.

U.S. Bank NA is the trustee for the notes.