SBA Announces Pricing of $1.33 Billion of Secured Tower Revenue Securities

SBA Announces Pricing of $1.33 Billion of Secured Tower Revenue Securities

BOCA RATON, Fla., April 4, 2013 (GLOBE NEWSWIRE) -- SBA Communications
Corporation (Nasdaq:SBAC) ("SBA" or "the Company") announced today that an
indirect subsidiary of SBA has priced an offering of $1.33 billion of Secured
Tower Revenue Securities. The offering includes $425 million of series 2013-1C
securities which have an anticipated repayment date of April 2018 and a final
maturity date of 2043, $575 million of series 2013-2C securities which have an
anticipated repayment date of April 2023 and a final maturity date of 2048,
and $330 million of series 2013-1D securities which have an anticipated
repayment date of April 2018 and a final maturity date of 2043 (collectively,
the "Offered Securities"). The Offered Securities will be issued by SBA Tower
Trust and will be guaranteed by SBA Guarantor LLC and SBA Holdings LLC.

The Offered Securities will have a blended interest rate of 3.218% and a
weighted average life through the anticipated repayment date of 7.2 years. The
series 2013-1C securities will have an interest rate of 2.240% per annum, the
series 2013-2C securities will have an interest rate of 3.722% per annum, and
the series 2013-1D securities will have an interest rate of 3.598% per annum.

Net proceeds from this offering will be used to make a cash distribution to
SBA Senior Finance, LLC which will further distribute or contribute such
amount to one or more other SBA entities, directly or indirectly, to be used
(1) to satisfy any unhedged obligations required to be satisfied in connection
with the conversion or maturity of the Company's outstanding 1.875%
Convertible Senior Notes due 2013, currently estimated to be between $625
million and $650 million, (2) to repay the $100 million outstanding balance
under the Company's senior secured revolving credit facility, and (3) to repay
certain balances under Term Loans currently outstanding under the Company's
senior credit facility. The offering of the Offered Securities is expected to
close on or about April 18, 2013.

The Offered Securities were offered only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), to institutional investors that qualify as "accredited
investors" within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation
D under the Securities Act, and to certain non-"U.S. persons" in "offshore
transactions" as defined in, and in reliance on Regulation S under the
Securities Act. The Offered Securities have not been and will not be
registered under the Securities Act or any state securities laws, and may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act and
applicable state securities laws. This press release does not and will not
constitute an offer to sell any of the Offered Securities or the solicitation
of an offer to buy the Offered Securities, nor shall there be any sale of the
Offered Securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.

About SBA Communications Corporation

SBA Communications Corporation is a first choice provider and leading owner
and operator of wireless communications infrastructure in North, Central and
South America. By "Building Better Wireless", SBA generates revenue from two
primary businesses - site leasing and site development services. SBA's 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.

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements regarding the offering
of the Offered Securities and the intended use of the net proceeds. These
forward-looking statements may be affected by risks and uncertainties in SBA's
business and market conditions. This information is qualified in its entirety
by cautionary statements and risk factor disclosures contained in SBA's SEC
filings, including SBA's report on Form 10-K filed with the SEC. SBA wishes to
caution readers that certain important factors may have affected and could in
the future affect SBA's actual results and could cause SBA's actual results
for subsequent periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of SBA, including the risk that
the offering of the Offered Securities cannot be successfully completed. SBA
undertakes no obligation to update forward-looking statements to reflect
events or circumstances after the date hereof.

CONTACT: Mark DeRussy, CFA
         Capital Markets
         Lynne Hopkins
         Corporate Communications
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