FinancialContent is the trusted provider of stock market information to the media industry
TEXT-S&P assigns SBA Communications loan 'BB' Rtg
Posted on April 10, 2012 at 17:50 PM EDT
Overview -- U.S. wireless communications tower operator SBA Communications Corp. recently completed its acquisition of Mobilitie LLC for $850 million in cash and 5.25 million shares of SBA stock. -- Pro forma debt to EBITDA is likely to be around 9x, including our adjustments, and we expect leverage to decline to around 8x by the end of 2012. -- We are affirming our 'B+' corporate credit rating on SBA, along with all issue-level ratings, and assigning a 'BB' issue-level
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here