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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) December 29, 2000
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Louisiana Unwired, LLC
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(Exact name of registrant as specified in its charter)
Louisiana 333-92271-01 72-1407430
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.
One Lakeshore Drive, Suite 1900, Lake Charles, LA 70629
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 337-436-9000
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On December 29, 2000, Registrant sold 127 of its wireless communication
towers and related ground leasehold rights and other assets (collectively,
"Towers") for gross proceeds of $39,751,000 cash to SBA Properties, Inc., a
wholly owned subsidiary of SBA Communications Corporation, an unaffiliated
independent owner and operator of wireless communications infrastructure in the
United States ("SBA"). At the same time, Registrant entered into a lease of
antenna space on the sold Towers from SBA for a term of 10 years, renewable for
three additional five year terms, at initial annual rental of $2,286,000 per
year, increasing annually by 4% of the prior year's rent.
Registrant has also agreed to sell to SBA on or before March 31, 2001
an additional 173 Towers at an aggregate cash price of $54,149,000 and to lease
space on the sold Towers under similar rental terms, subject, among other
conditions, to certain financing requirements for SBA. In addition, Registrant
has granted SBA the option to purchase up to 100 additional Towers constructed
and owned by Registrant through December 31, 2001, on the same terms.
Item 7. Financial Statements and Exhibits
(a) Financial Statements and Exhibits
Not Applicable
(b) Financial Statements of Businesses Acquired
Not Applicable
(c) Pro Forma Financial Information
Not Applicable
(d) Exhibits
3.1 Asset Purchase Agreement dated as of December 18, 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 hereunto duly authorized.
Louisiana Unwired, LLC
By: /s/ Robert L. Piper
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Date: January 10, 2001
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