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 North Dakota Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit facility among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. This agreement provides crucial funding to support SBA Communications' initiatives and ongoing operations. The primary purpose of the North Dakota Second Amended and Restated Credit Agreement is to secure financing for SBA Communications' strategic growth plans, including the expansion of their telecommunications infrastructure assets and the development of new communication technologies. This credit agreement serves as a vital tool for SBA Communications, as it allows them to access funds from a consortium of banks and financial institutions to meet their capital requirements. The agreement encompasses various details, such as the loan amount, interest rates, repayment terms, collateral requirements, and covenants that must be upheld by all parties involved. Moreover, the North Dakota Second Amended and Restated Credit Agreement may have different types based on specific attributes or purposes. Some potential types may include: 1. Revolving Credit Facility: This type of agreement enables SBA Communications to borrow funds up to a pre-determined credit limit on an as-needed basis and repay the borrowed amount within a defined timeframe. The credit can be repeatedly borrowed and repaid, providing flexibility and liquidity to the company. 2. Term Loan Facility: This agreement option allows SBA Communications to access a lump sum loan amount for a specific period, usually with a fixed interest rate and predetermined repayment schedule. The funds acquired through this type of credit can be utilized to finance long-term projects or investments. 3. Syndicated Credit Agreement: In this agreement, the credit facility is provided by multiple lenders, forming a syndicate. Each lender contributes a portion of the total loan amount, and the agreement outlines the rights, responsibilities, and obligations of each lender. The North Dakota Second Amended and Restated Credit Agreement plays a critical role in supporting SBA Communications' business objectives by ensuring access to necessary financing. It establishes a mutually beneficial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and a consortium of banks and financial institutions by outlining the terms and conditions under which funds will be provided and repaid.
The North Dakota Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of a credit facility among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. This agreement provides crucial funding to support SBA Communications' initiatives and ongoing operations. The primary purpose of the North Dakota Second Amended and Restated Credit Agreement is to secure financing for SBA Communications' strategic growth plans, including the expansion of their telecommunications infrastructure assets and the development of new communication technologies. This credit agreement serves as a vital tool for SBA Communications, as it allows them to access funds from a consortium of banks and financial institutions to meet their capital requirements. The agreement encompasses various details, such as the loan amount, interest rates, repayment terms, collateral requirements, and covenants that must be upheld by all parties involved. Moreover, the North Dakota Second Amended and Restated Credit Agreement may have different types based on specific attributes or purposes. Some potential types may include: 1. Revolving Credit Facility: This type of agreement enables SBA Communications to borrow funds up to a pre-determined credit limit on an as-needed basis and repay the borrowed amount within a defined timeframe. The credit can be repeatedly borrowed and repaid, providing flexibility and liquidity to the company. 2. Term Loan Facility: This agreement option allows SBA Communications to access a lump sum loan amount for a specific period, usually with a fixed interest rate and predetermined repayment schedule. The funds acquired through this type of credit can be utilized to finance long-term projects or investments. 3. Syndicated Credit Agreement: In this agreement, the credit facility is provided by multiple lenders, forming a syndicate. Each lender contributes a portion of the total loan amount, and the agreement outlines the rights, responsibilities, and obligations of each lender. The North Dakota Second Amended and Restated Credit Agreement plays a critical role in supporting SBA Communications' business objectives by ensuring access to necessary financing. It establishes a mutually beneficial relationship between SBA Communications, Corp., SBA Telecommunications, Inc., and a consortium of banks and financial institutions by outlining the terms and conditions under which funds will be provided and repaid.