SBA Communications Pulls Loan Repricing Amid Market Volatility

Wireless infrastructure provider SBA Communications Corp. has postponed the repricing of a $2.3 billion leveraged loan it was seeking to wrap up this week, according to people with knowledge of the matter.

TD Securities was leading the deal, which sought to cut the margin on a loan taken out in January by 25 basis points. But it notified lenders Monday morning that the transaction was being postponed due to “market conditions,” said the people, who asked not to be identified as the details are private.