The Firm represented Morgan Stanley as the sole underwriter in a secondary offering of 4,588,840 shares of Class A common stock of SBA Communications Corporation (“SBA”). The shares sold in the offering comprised all of the shares issued by SBA to the selling shareholders in connection with SBA’s acquisition of TowerCo. The offering closed on October 5, 2012 and resulted in gross proceeds to the selling shareholders of $284.2 million.
SBA is an independent owner and operator of wireless communications towers whose primary focus is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts in the United States, Canada and Central America.
The Simpson Thacher team included Risë Norman, Jeremy Barr and Amy Ward (Capital Markets); Alan Brenner, Hayley Urkevich Nivelle and Matthew Levy (Credit); Rob Holo, Chang Won Choi and Jodi Sackel (Tax); Jeanne Annarumma and Douglas Tang (Executive Compensation and Employee Benefits), Krista McManus (Real Estate), and Jennie Getsin (FINRA and Blue Sky).
