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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934.
Date of Report August 15, 2000
SBA COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 000-30110 65-0716501
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(State or other jurisdiction of Commission File Number (I.R.S. Employer
incorporation or organization) Identification No.)
One Town Center Road, Boca Raton, Florida 33486
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(Address of principal executive offices) (Zip code)
(561) 995-7670
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(Registrant's telephone number, including area code)
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Item 5 Other Events
SBA Communications Corporation announced today that the underwriters
of its recent offering of 5,000,000 shares of Class A common stock,
led by Lehman Brothers and Deutsche Banc Alex. Brown, have exercised
their over-allotment option to purchase an additional 750,000 shares
of Class A common stock at the offering price of $43 per share. The
net proceeds from the exercise of the over-allotment option will be
used to finance the construction and acquisition of towers and related
businesses, repay outstanding debt and for general working capital
purposes.
The closing of the sale of the additional shares is expected to occur
on August 17, 2000 and is subject to customary closing conditions. The
shares will be sold pursuant to SBA's shelf registration statement,
which was previously declared effective by the Securities and Exchange
Commission. The shares may be offered only by means of a prospectus
supplement. A copy of the prospectus supplement and related base
prospectus relating to the common stock offering may be obtained from
the Prospectus Department, Lehman Brothers, c/o ADP Financial
Services, Prospectus, 55 Mercedes Way, Edgewood, NY 11717, telephone
(631) 254-7269.
This press release does not constitute an offer of any securities for
sale. A shelf registration statement relating to the foregoing has
previously been filed and declared effective. Any offer, if at all,
will be made only by means of a prospectus supplement forming a part
of such registration statement.
Item 7 Financial Statements and Exhibits
(c) Exhibits
99.1 Press release dated August 15, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
August 15, 2000 /s/ Pamela J. Kline
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Pamela J. Kline
Chief Accounting Officer
