New York 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 New York Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of the credit facility provided by several banks and financial institutions to SBA Communications, Corp. and its subsidiary SBA Telecommunications, Inc. This agreement serves as a comprehensive framework governing the borrowing, repayment, and other financial arrangements between the parties involved. It plays a crucial role in facilitating the financial operations and expansion plans of SBA Communications, Corp. and SBA Telecommunications, Inc. Key provisions of the New York Second Amended and Restated Credit Agreement include the loan amount, interest rates, payment schedules, and any associated fees or penalties. It also delineates the collateral or security offered by SBA Communications, Corp. and SBA Telecommunications, Inc., ensuring the lenders have recourse in the event of default. Furthermore, the agreement may outline certain financial covenants and reporting requirements that SBA Communications, Corp. and SBA Telecommunications, Inc. must adhere to, ensuring transparency and financial prudence. While the specific terms and conditions of the agreement may vary, the New York Second Amended and Restated Credit Agreement can be categorized into different types based on its purpose or structure. Examples of these types may include, but are not limited to: 1. Revolving Credit Facilities: These agreements establish a line of credit that can be utilized by SBA Communications, Corp. and SBA Telecommunications, Inc. as needed. The borrower can borrow, repay, and re-borrow within the set limit, giving flexibility in managing their working capital and short-term financing needs. 2. Term Loan Facilities: This type of agreement typically provides a lump sum loan to SBA Communications, Corp. and SBA Telecommunications, Inc. The repayment schedule is predetermined, usually in installments over a specific period, and is often used to finance capital expenditures or long-term projects. 3. Syndicated Credit Agreements: These agreements involve multiple banks or financial institutions that collectively provide the credit facility. This allows for higher borrowing limits and spreads the risk among the participating lenders. 4. Subordinated Credit Agreements: In certain situations, where other debt obligations exist, lenders may agree to a subordinated credit agreement. This means that repayment of the credit facility provided in the agreement is secondary to the repayment of senior debts. Overall, the New York Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions represents a vital component of the financial framework enabling the growth and operations of the companies involved. It ensures a clear understanding of the rights and responsibilities of all parties and establishes a mutually beneficial financial relationship.

The New York Second Amended and Restated Credit Agreement is a legally binding document that outlines the terms and conditions of the credit facility provided by several banks and financial institutions to SBA Communications, Corp. and its subsidiary SBA Telecommunications, Inc. This agreement serves as a comprehensive framework governing the borrowing, repayment, and other financial arrangements between the parties involved. It plays a crucial role in facilitating the financial operations and expansion plans of SBA Communications, Corp. and SBA Telecommunications, Inc. Key provisions of the New York Second Amended and Restated Credit Agreement include the loan amount, interest rates, payment schedules, and any associated fees or penalties. It also delineates the collateral or security offered by SBA Communications, Corp. and SBA Telecommunications, Inc., ensuring the lenders have recourse in the event of default. Furthermore, the agreement may outline certain financial covenants and reporting requirements that SBA Communications, Corp. and SBA Telecommunications, Inc. must adhere to, ensuring transparency and financial prudence. While the specific terms and conditions of the agreement may vary, the New York Second Amended and Restated Credit Agreement can be categorized into different types based on its purpose or structure. Examples of these types may include, but are not limited to: 1. Revolving Credit Facilities: These agreements establish a line of credit that can be utilized by SBA Communications, Corp. and SBA Telecommunications, Inc. as needed. The borrower can borrow, repay, and re-borrow within the set limit, giving flexibility in managing their working capital and short-term financing needs. 2. Term Loan Facilities: This type of agreement typically provides a lump sum loan to SBA Communications, Corp. and SBA Telecommunications, Inc. The repayment schedule is predetermined, usually in installments over a specific period, and is often used to finance capital expenditures or long-term projects. 3. Syndicated Credit Agreements: These agreements involve multiple banks or financial institutions that collectively provide the credit facility. This allows for higher borrowing limits and spreads the risk among the participating lenders. 4. Subordinated Credit Agreements: In certain situations, where other debt obligations exist, lenders may agree to a subordinated credit agreement. This means that repayment of the credit facility provided in the agreement is secondary to the repayment of senior debts. Overall, the New York Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions represents a vital component of the financial framework enabling the growth and operations of the companies involved. It ensures a clear understanding of the rights and responsibilities of all parties and establishes a mutually beneficial financial relationship.