Simpson Thacher Represents Initial Purchasers in $2.07 Billion Secured Tower Revenue Securities Offering by SBA Tower Trust
10.15.24
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Simpson Thacher represented the initial purchasers of $2.07 billion in aggregate principal amount of Secured Tower Revenue Securities issued by SBA Tower Trust. The Securities represent interests in a mortgage loan made by the Trust to indirect wholly-owned subsidiaries of SBA Communications Corporation (“SBA Communications”). The offering closed on October 11, 2024.
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications.
The Simpson Thacher team included John Schueller, Kate Draper, J. Carr Gamble and Leandra Kede Yomo (Capital Markets); Jon Cantor and Michael Slomovics (Tax); and Jennie Getsin (Blue Sky).