SBA Communications has priced an offering of $1.5 billion aggregate principal amount of senior notes due 2029. SBA expects the closing of the Notes to occur on January 29, 2021. The Notes will have an interest rate of 3.125 percent and will be issued at a price of 100 percent of their face value. On January 12, 2021, SBA delivered a redemption notice with respect to all $750 million of its outstanding 4.000 percent Senior Notes due 2022. SBA intends to use the net proceeds of the offering (i) to fully redeem all of the 2017 Notes and to pay all premiums and costs associated with such redemption, (ii) to repay amounts outstanding under its Revolving Credit Facility and (iii) for general corporate purposes. The 2017 Notes will be redeemable on February 11, 2021.