Wayne Michigan 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
• County: Wayne
• 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, Wayne Michigan Second Amended and Restated Credit Agreement is a legal document that outlines the terms and conditions of a credit agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. This agreement serves as a formal contract between the parties involved, specifying the borrower's obligations, the lender's rights and remedies, and the terms of repayment. It provides a framework for borrowing funds, often to support the growth and expansion of SBA Communications, Corp. and SBA Telecommunications, Inc. Key terms discussed in the Wayne Michigan Second Amended and Restated Credit Agreement may include the principal amount of the credit facility, interest rates, maturity dates, repayment terms, collateral requirements, and conditions precedent for borrowing or drawing on the facility. The agreement may also outline certain affirmative and negative covenants that the borrower must adhere to during the term of the credit facility. Additionally, the agreement may mention different types or facilities within the overall Wayne Michigan Second Amended and Restated Credit Agreement. These could include: 1. Revolving Credit Facility: This type of credit facility allows the borrower to borrow, repay, and re-borrow funds within a specified limit and period. It provides flexibility to meet short-term financing needs. 2. Term Loan Facility: A term loan facility provides a fixed amount of funds to the borrower, which is typically repaid over a predetermined period through regular principal and interest payments. It is often utilized for long-term investments or debt refinancing. 3. Bridge Loan Facility: This type of facility provides short-term financing to bridge the gap between the borrower's immediate funds requirement and the availability of long-term financing. It can assist in financing acquisitions, capital expenditures, or other business needs. 4. Working Capital Facility: Designed to support the borrower's day-to-day operations, a working capital facility provides funds to cover expenses, pay salaries, manage inventory, and meet other working capital requirements. The Wayne Michigan Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and the listed banks and financial institutions is a vital legal document that establishes the terms and conditions for borrowing and repayment. It ensures transparency, sets expectations, and outlines the responsibilities of all parties involved in the credit relationship.

Wayne Michigan Second Amended and Restated Credit Agreement is a legal document that outlines the terms and conditions of a credit agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and several banks and financial institutions. This agreement serves as a formal contract between the parties involved, specifying the borrower's obligations, the lender's rights and remedies, and the terms of repayment. It provides a framework for borrowing funds, often to support the growth and expansion of SBA Communications, Corp. and SBA Telecommunications, Inc. Key terms discussed in the Wayne Michigan Second Amended and Restated Credit Agreement may include the principal amount of the credit facility, interest rates, maturity dates, repayment terms, collateral requirements, and conditions precedent for borrowing or drawing on the facility. The agreement may also outline certain affirmative and negative covenants that the borrower must adhere to during the term of the credit facility. Additionally, the agreement may mention different types or facilities within the overall Wayne Michigan Second Amended and Restated Credit Agreement. These could include: 1. Revolving Credit Facility: This type of credit facility allows the borrower to borrow, repay, and re-borrow funds within a specified limit and period. It provides flexibility to meet short-term financing needs. 2. Term Loan Facility: A term loan facility provides a fixed amount of funds to the borrower, which is typically repaid over a predetermined period through regular principal and interest payments. It is often utilized for long-term investments or debt refinancing. 3. Bridge Loan Facility: This type of facility provides short-term financing to bridge the gap between the borrower's immediate funds requirement and the availability of long-term financing. It can assist in financing acquisitions, capital expenditures, or other business needs. 4. Working Capital Facility: Designed to support the borrower's day-to-day operations, a working capital facility provides funds to cover expenses, pay salaries, manage inventory, and meet other working capital requirements. The Wayne Michigan Second Amended and Restated Credit Agreement among SBA Communications, Corp., SBA Telecommunications, Inc., and the listed banks and financial institutions is a vital legal document that establishes the terms and conditions for borrowing and repayment. It ensures transparency, sets expectations, and outlines the responsibilities of all parties involved in the credit relationship.