Kentucky 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, The Kentucky Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit arrangement between SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions. This agreement serves as a comprehensive framework for the borrowing and lending relationship between the parties involved. This credit agreement is designed to facilitate financing options for SBA Communications, Corp. and SBA Telecommunications, Inc., providing them with the necessary capital to support their operations, expansion plans, or other strategic initiatives. By partnering with multiple banks and financial institutions, SBA Communications and SBA Telecommunications can access a diverse range of financial resources tailored to their specific needs and requirements. The Kentucky Second Amended and Restated Credit Agreement typically covers key aspects such as loan amounts, interest rates, repayment terms, and any applicable fees or penalties. It also includes provisions for collateral, default remedies, representations and warranties, financial covenants, and ongoing reporting requirements. This agreement offers a clear and structured framework to ensure transparency, compliance, and effective communication between all parties involved. Different types of Kentucky Second Amended and Restated Credit Agreements may be established to cater to various financial objectives or specific project requirements of SBA Communications and SBA Telecommunications. These could include but are not limited to: 1. Revolving Credit Facility: This type of credit agreement allows the borrowers to access a predetermined credit limit, which can be utilized and repaid multiple times over a specified period. The borrowers have flexibility in managing their cash flows and can benefit from additional funding whenever needed. 2. Term Loan: A term loan provides a one-time lump sum disbursement to the borrowers, which is repaid over a predetermined period, usually in equal installments. This type of credit agreement suits long-term investments or large-scale projects that require significant funding upfront. 3. Acquisition Financing Agreement: This variation of the credit agreement is specifically tailored to finance mergers and acquisitions involving SBA Communications and SBA Telecommunications. It provides the necessary capital to facilitate the acquisition of other companies or assets, allowing for business growth and expansion opportunities. 4. Construction Financing Agreement: If SBA Communications or SBA Telecommunications plan to undertake construction projects or infrastructure development, this type of credit agreement can be customized to meet their specific construction financing needs. It may involve disbursements tied to project milestones and a repayment structure aligned with the project timeline. It is important to note that the specific details and requirements of each agreement may vary depending on the parties involved, the purpose of financing, and prevailing market conditions. Therefore, it is crucial for all parties to conduct detailed negotiations and legal consultations to ensure the Kentucky Second Amended and Restated Credit Agreement accurately reflects the intended financial arrangements.

The Kentucky Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit arrangement between SBA Communications, Corp., SBA Telecommunications, Inc., and various banks and financial institutions. This agreement serves as a comprehensive framework for the borrowing and lending relationship between the parties involved. This credit agreement is designed to facilitate financing options for SBA Communications, Corp. and SBA Telecommunications, Inc., providing them with the necessary capital to support their operations, expansion plans, or other strategic initiatives. By partnering with multiple banks and financial institutions, SBA Communications and SBA Telecommunications can access a diverse range of financial resources tailored to their specific needs and requirements. The Kentucky Second Amended and Restated Credit Agreement typically covers key aspects such as loan amounts, interest rates, repayment terms, and any applicable fees or penalties. It also includes provisions for collateral, default remedies, representations and warranties, financial covenants, and ongoing reporting requirements. This agreement offers a clear and structured framework to ensure transparency, compliance, and effective communication between all parties involved. Different types of Kentucky Second Amended and Restated Credit Agreements may be established to cater to various financial objectives or specific project requirements of SBA Communications and SBA Telecommunications. These could include but are not limited to: 1. Revolving Credit Facility: This type of credit agreement allows the borrowers to access a predetermined credit limit, which can be utilized and repaid multiple times over a specified period. The borrowers have flexibility in managing their cash flows and can benefit from additional funding whenever needed. 2. Term Loan: A term loan provides a one-time lump sum disbursement to the borrowers, which is repaid over a predetermined period, usually in equal installments. This type of credit agreement suits long-term investments or large-scale projects that require significant funding upfront. 3. Acquisition Financing Agreement: This variation of the credit agreement is specifically tailored to finance mergers and acquisitions involving SBA Communications and SBA Telecommunications. It provides the necessary capital to facilitate the acquisition of other companies or assets, allowing for business growth and expansion opportunities. 4. Construction Financing Agreement: If SBA Communications or SBA Telecommunications plan to undertake construction projects or infrastructure development, this type of credit agreement can be customized to meet their specific construction financing needs. It may involve disbursements tied to project milestones and a repayment structure aligned with the project timeline. It is important to note that the specific details and requirements of each agreement may vary depending on the parties involved, the purpose of financing, and prevailing market conditions. Therefore, it is crucial for all parties to conduct detailed negotiations and legal consultations to ensure the Kentucky Second Amended and Restated Credit Agreement accurately reflects the intended financial arrangements.