Company: SBAC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001034054-25-000002
Chunk: 57

Company: SBA COMMUNICATIONS CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 9B
Chunk 57
---
 related to the repayment of the 2018-1C Tower Securities and 2014-2C Tower Securities, respectively, which are reflected in loss from extinguishment of debt on the Consolidated Statement of Operations.(2)Interest was paid monthly. Risk Retention Tower SecuritiesThe table below sets forth the material terms of the Company’s outstanding Risk Retention Tower Securities as of December 31, 2024:                              Security Issue Date  Amount Outstanding ‎(in millions)  Interest ‎ Rate (1)  Anticipated Repayment Date  Final Maturity Date2019-1R Tower Securities (2) Sep. 13, 2019  $61.4  4.213%  Jan. 12, 2025  Jan. 12, 20502020-2R Tower Securities Jul. 14, 2020  $71.1  4.336%  Jan. 11, 2028  Jul. 9, 20522021-1R Tower Securities May 14, 2021  $61.4  3.598%  Nov. 9, 2026  May 9, 20512021-3R Tower Securities Oct. 27, 2021  $94.3  4.090%  Oct. 9, 2031  Oct. 10, 20562022-1R Tower Securities Nov. 23, 2022  $44.8  7.870%  Jan. 11, 2028  Nov. 9, 20522024-1R Tower Securities Oct. 11, 2024  $108.7  6.252%  Oct. 9, 2029  Oct. 8, 2054 (1)Interest paid monthly.(2)The 2019-1R Tower Securities were retired on January 15, 2025.To satisfy certain risk retention requirements of Regulation RR promulgated under the Exchange Act, SBA Guarantor, LLC, a wholly owned subsidiary, purchased the Risk Retention Tower Securities. Principal and interest payments made on the 2019-1R Tower Securities, 2020-2R Tower Securities, 2021-1R Tower Securities, 2021-3R Tower Securities, 2022-1R Tower Securities, and 2024-1R Tower Securities eliminate in consolidation.The table below sets forth the material