The Firm is representing Barclays and J.P. Morgan as lenders and financial advisors to SBA Communications Corporation in its acquisition of Mobilitie. SBA intends to finance the transaction, valued at $1.1 billion based on SBA’s closing price of $46.27 on February 17, with $850 million in cash and approximately 5.3 million shares of SBA Class A common stock. The cash consideration will be paid with cash on hand and the proceeds of the loans under the existing credit facilities and $500 million of financing commitments from Barclays Bank and JPMorgan Chase Bank.

SBA, based in Boca Raton, FL is a leading owner and operator of wireless communications infrastructure in North and Central America.

The Simpson Thacher team includes: Mario Ponce, Ariel Oxman and Austen Heim (M&A) and Alan Brenner and Jackie Kahng (Banking & Credit).