8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K


              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934.



                          Date of Report April 27, 2001


                         SBA COMMUNICATIONS CORPORATION
             (Exact name of registrant as specified in its charter)


Florida                              000-30110                  65-0716501
- --------------------------------------------------------------------------------
(State or other jurisdiction    Commission File Number       (I.R.S. Employer
of incorporation or                                         Identification No.)
organization)



One Town Center Road, Boca Raton, Florida                         33486
- --------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip code)


                                 (561) 995-7670
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              (Registrant's telephone number, including area code)


Item 5    Other Information

          BOCA RATON, FLORIDA, April 26, 2001 (NASDAQ: SBAC) - SBA
          Communications Corporation today announced that its
          wholly-owned subsidiary, SBA Telecommunications, Inc., has
          received a commitment for a $300 million senior secured credit
          facility. The credit facility will be underwritten by Lehman
          Commercial Paper Inc., Barclays Bank PLC, Bankers Trust
          Company, Citibank, N. A. and Toronto Dominion (Texas), Inc.
          The credit facility will be used to provide financing for
          SBA's new tower builds, tower acquisitions, related activities
          and for general corporate purposes. The credit facility is
          subject to a number of customary closing conditions and is
          expected to close by June 30, 2001.

Item 7    Financial Statements and Exhibits

          99.1   Press release dated April 26, 2001.


                           SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




April 27, 2001                            /s/  Pamela J. Kline
                                          --------------------
                                          Pamela J. Kline
                                          Chief Accounting Officer

EX-99.1

                                   [SBA Logo]

                                      NEWS

                              FOR IMMEDIATE RELEASE

   SBA COMMUNICATIONS CORPORATION ANNOUNCES $300 MILLION FINANCING COMMITMENT

BOCA RATON, FLORIDA, April 26, 2001 (NASDAQ: SBAC) - SBA Communications
Corporation today announced that its wholly-owned subsidiary, SBA
Telecommunications, Inc., has received a commitment for a $300 million senior
secured credit facility. The credit facility will be underwritten by Lehman
Commercial Paper Inc., Barclays Bank PLC, Bankers Trust Company, Citibank, N. A.
and Toronto Dominion (Texas), Inc. The credit facility will be used to provide
financing for SBA's new tower builds, tower acquisitions, related activities and
for general corporate purposes. The credit facility is subject to a number of
customary closing conditions and is expected to close by June 30, 2001.

"We are very pleased with SBA's continued ability to access capital,
particularly during these difficult times in the capital markets," stated
Jeffrey A. Stoops, SBA's President. "The proceeds from the senior credit
facility, together with our other resources, are expected to fund our current
capital expenditure plans through the end of 2002. We believe there will be a
number of attractive investment opportunities which will arise in this capital
markets environment, and the new facility will provide us with plenty of
flexibility and resources should we choose to pursue those opportunities."

SBA is a leading independent owner and operator of wireless communications
infrastructure in the United States. SBA's primary focus is the construction of
new towers and acquisition of existing towers for its own account. Since it was
founded in 1989, SBA has participated in the development of over 15,000 antenna
sites in the United States.

For additional information, please contact Pamela J. Kline, Vice President,
Investor Relations, at 561-995-7670.


Information Concerning Forward-Looking Statements

This release contains forward-looking statements, including statements regarding
the proposed closing date for the proposed credit facility and the sufficiency
of the Company's resources to fund its 2002 plan. These forward-looking
statements may be affected by the risks and uncertainties in the Company's
business. This information is qualified in its entirety by cautionary statements
and risk factors disclosure contained in the Company's Securities and Exchange
Commission filings, including its Annual Report on Form 10-K for the year ended
December 31, 2000. The Company wishes to caution readers that certain important
factors may have affected and could in the future affect the Company's actual
results and could cause the Company's actual results for subsequent periods to
differ materially from those expressed in any forward-looking statement made by
or on behalf of the Company. With respect to the proposed credit facility, a
number of factors, including without limitation, general economic and capital
markets conditions, the Company's ongoing financial condition and results of
operations, and the lack of definitive documentation may affect the timing of
consummation of the facility or whether such facility is ever finalized (of
which there can be no assurance).