Georgia Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions

• Category: Corporations - Public - Credit
• State: Multi-State
• Control #: US-EG-9414
• Format: Word; Rich Text

Description

Second Amended and Restated Credit Agreement among SBA Communications, Corporation, SBA Telecommunications, Inc., Several Banks and Other Financial Institutions or Entities, Lehman Brothers, Inc., General Electric Capital Corporation, Toronto Dominion, Title: Understanding the Georgia Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions Introduction: The Georgia Second Amended and Restated Credit Agreement is a legally binding contract among SBA Communications, Corp., SBA Telecommunications, Inc. (collectively referred to as the "Borrowers"), and several banks and financial institutions. This agreement serves as a crucial financial instrument that outlines the terms and conditions for borrowing funds, establishing credit lines, and other significant financial arrangements. Let's delve into the key aspects and various types of the Georgia Second Amended and Restated Credit Agreement. 1. Purpose and Overview: The Georgia Second Amended and Restated Credit Agreement facilitates the Borrowers' access to capital, supporting their ongoing operations, growth plans, and strategic initiatives. It provides the framework for the Borrowers' engagement with multiple banks and financial institutions to establish credit facilities and define the terms of their financial arrangements. 2. Key Parties: The key parties involved in the Georgia Second Amended and Restated Credit Agreement may include: — SBA Communications, Corp.: A leading independent owner and operator of wireless infrastructure. — SBA Telecommunications, Inc.: A subsidiary of SBA Communications, engaged in the development, construction, and maintenance of wireless towers. — Several Banks and Financial Institutions: The financial entities providing credit facilities and funding to the Borrowers. The specific institutions can vary depending on the agreement. 3. Terms and Conditions: The agreement typically covers a wide range of terms and conditions, which may include: — Credit Facilities: The credit agreement establishes certain credit facilities, such as term loans, revolving credit lines, or a combination of both, detailing the amount, interest rates, and repayment terms. — Advances and Borrowings: It outlines the terms governing the Borrowers' ability to access funds, including any restrictions or conditions on borrowing, prepayment, or additional funding. — Security and Collateral: The agreement may specify the collateral or security interests offered by the Borrowers to secure the loans, which typically include the Borrowers' assets, properties, or other forms of collateral. — Representations and Warranties: Both the Borrowers and the respective financial institutions typically provide representations and warranties pertaining to the accuracy of the financial information provided, compliance with laws and regulations, and the absence of any material adverse events. — Covenants: The agreement may impose certain obligations on the Borrowers, such as financial reporting requirements, compliance with financial ratios, restrictions on additional debt occurrence, and limitations on acquisitions or divestitures. 4. Types of Second Amended and Restated Credit Agreements: While the specific terms may vary for each agreement, the Georgia Second Amended and Restated Credit Agreement can encompass different types, such as: — Revolving Credit Agreement: This type of agreement allows the Borrowers to borrow funds up to a specified limit, repay them, and borrow again within the agreed period. — Term Loan Agreement: A term loan agreement provides a single lump sum of funds to the Borrowers, and they must repay it over a predetermined period, adhering to a fixed repayment schedule. Conclusion: The Georgia Second Amended and Restated Credit Agreement is a vital financial instrument that enables SBA Communications, Corp. and SBA Telecommunications, Inc. to access funding and credit facilities from several banks and financial institutions. This agreement outlines significant terms, conditions, and obligations for both the Borrowers and the lenders, ensuring transparency, compliance, and successful financing arrangements.

Title: Understanding the Georgia Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., Several Banks and Financial Institutions Introduction: The Georgia Second Amended and Restated Credit Agreement is a legally binding contract among SBA Communications, Corp., SBA Telecommunications, Inc. (collectively referred to as the "Borrowers"), and several banks and financial institutions. This agreement serves as a crucial financial instrument that outlines the terms and conditions for borrowing funds, establishing credit lines, and other significant financial arrangements. Let's delve into the key aspects and various types of the Georgia Second Amended and Restated Credit Agreement. 1. Purpose and Overview: The Georgia Second Amended and Restated Credit Agreement facilitates the Borrowers' access to capital, supporting their ongoing operations, growth plans, and strategic initiatives. It provides the framework for the Borrowers' engagement with multiple banks and financial institutions to establish credit facilities and define the terms of their financial arrangements. 2. Key Parties: The key parties involved in the Georgia Second Amended and Restated Credit Agreement may include: — SBA Communications, Corp.: A leading independent owner and operator of wireless infrastructure. — SBA Telecommunications, Inc.: A subsidiary of SBA Communications, engaged in the development, construction, and maintenance of wireless towers. — Several Banks and Financial Institutions: The financial entities providing credit facilities and funding to the Borrowers. The specific institutions can vary depending on the agreement. 3. Terms and Conditions: The agreement typically covers a wide range of terms and conditions, which may include: — Credit Facilities: The credit agreement establishes certain credit facilities, such as term loans, revolving credit lines, or a combination of both, detailing the amount, interest rates, and repayment terms. — Advances and Borrowings: It outlines the terms governing the Borrowers' ability to access funds, including any restrictions or conditions on borrowing, prepayment, or additional funding. — Security and Collateral: The agreement may specify the collateral or security interests offered by the Borrowers to secure the loans, which typically include the Borrowers' assets, properties, or other forms of collateral. — Representations and Warranties: Both the Borrowers and the respective financial institutions typically provide representations and warranties pertaining to the accuracy of the financial information provided, compliance with laws and regulations, and the absence of any material adverse events. — Covenants: The agreement may impose certain obligations on the Borrowers, such as financial reporting requirements, compliance with financial ratios, restrictions on additional debt occurrence, and limitations on acquisitions or divestitures. 4. Types of Second Amended and Restated Credit Agreements: While the specific terms may vary for each agreement, the Georgia Second Amended and Restated Credit Agreement can encompass different types, such as: — Revolving Credit Agreement: This type of agreement allows the Borrowers to borrow funds up to a specified limit, repay them, and borrow again within the agreed period. — Term Loan Agreement: A term loan agreement provides a single lump sum of funds to the Borrowers, and they must repay it over a predetermined period, adhering to a fixed repayment schedule. Conclusion: The Georgia Second Amended and Restated Credit Agreement is a vital financial instrument that enables SBA Communications, Corp. and SBA Telecommunications, Inc. to access funding and credit facilities from several banks and financial institutions. This agreement outlines significant terms, conditions, and obligations for both the Borrowers and the lenders, ensuring transparency, compliance, and successful financing arrangements.