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SBA Communications Corp. Message Board

  • slim_niceguy slim_niceguy Jun 9, 2003 2:15 PM Flag

    12's not callable til 04

    The indenture for the 12%'s shows they aren't callable until March of 04. Even then they have to pay 1075 per bond. This means that rather than a blanket call through the trust agent they'll have to negotiate with each holder if they want to retire these prior to 3/04. Can't be done overnight, they need to get moving. Probably have to offer 1075 plus accrued interest to get it done....not cheap.

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