Item 9B. OTHER INFORMATION

Item 1.01 Entry into a Material Definitive Agreement.

Repricing Amendment

On January 20, 2017, SBA Senior Finance II, our wholly-owned subsidiary, entered into the Seventh Amendment (the “Amendment”), among SBA Senior Finance II, as borrower, the lenders parties thereto, and Toronto Dominion (Texas) LLC, as administrative agent, to the Senior Credit Agreement. The Amendment reduced the interest rate margins applicable to senior secured term loans. As amended, the senior secured term loans under the Senior Credit Agreement accrue interest, at SBA Senior Finance II’s election, at either the Base Rate plus 125 basis points (with a zero Base Rate floor) or the Eurodollar Rate plus 225 basis points (with a zero Eurodollar Rate floor). All other material terms of the Senior Credit Agreement, as amended, remained unchanged.

Relationships

SBAC and certain of its affiliates have previously entered into commercial financial arrangements with each of the lenders under the Senior Credit Agreement and/or their respective affiliates, and each of these entities and/or its affiliates has in the past provided financial, advisory, investment banking and other services to SBAC and its affiliates, including (1) serving as a lender and/or in other related capacities in connection with the Senior Credit Agreement and the various term loans and the revolving credit facility under the Senior Credit Agreement and (2) as a book runner and/or an initial purchaser for our various series of Secured Tower Revenue Securities. In addition, each of J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC served as a book runner and/or an initial purchaser for our 4.875% Senior Notes due 2024, 4.875% Senior Notes due 2022, 5.75% Senior Notes due 2020, and 5.625% Senior Notes due 2019, and Mizuho Bank, Ltd. was an initial purchaser of our 4.875% Senior Notes due 2024.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Item 5.02(e)

On January 13, 2017, we entered into an Assignment and Assumption of Employment Agreement with each of Jeffrey A. Stoops, our President and Chief Executive Officer, Brendan Cavanagh, Executive Vice President and Chief Financial Officer, Thomas P. Hunt, Executive Vice President, General Counsel and Chief Administrative Officer, and Kurt L. Bagwell, Executive Vice President and President of International. The employment agreement for Jeffrey A. Stoops, dated October 30, 2014 and expiring on December 31, 2017, provides for him to continue to serve in his present position. The employment agreements for Messrs. Cavanagh, Hunt, and Bagwell, dated December 7, 2015 and expiring on December 31, 2018, provide for each to continue to serve in their present positions. All other material terms of the employment agreements remained the same.

PART III