US towerco SBA Communications is set to issue a new US$200m loan and increase the capacity of its revolver by US$200m to a total of US$700m, according to a Moody’s statement.
The ratings agency said that the new loan due 2017 would be issued by an SBA…
US towerco SBA Communications is set to issue a new US$200m loan and increase the capacity of its revolver by US$200m to a total of US$700m, according to a Moody’s statement.
The ratings agency said that the new loan due 2017 would be issued by an SBA subsidiary, SBA Senior Finance II LLC (SBAF), with the proceeds going to repay existing revolving credit loans and on general corporate purposes.
The capacity of the revolver will be increased to US$700m from US$500m, and its maturity will be extended to 2017.
Moody’s assigned a Ba2 rating to the US$200m loan.
