Entry into a Material Definitive Agreement, Creation of a Direct Financia
Item 1.01 Entry into a Material Definitive Agreement.
On January 18, 2008, SBA Senior Finance, Inc. ("SBASF"), a wholly-owned subsidiary of SBA Communications Corporation ("SBAC") entered into a credit agreement for a $285 million senior secured revolving credit facility (the "Senior Credit Facility"), with the several banks and other financial institutions or entities from time to time parties to the credit agreement (the "Lenders"), Wachovia Bank, National Association and Lehman Commercial Paper Inc., as co-syndication agents, Citicorp North America, Inc. and JPMorgan Chase Bank, N.A., as co-documentation agents, and Toronto Dominion (Texas) LLC, as administrative agent (the "Senior Credit Agreement"). TD Securities (USA) LLC served as lead arranger and joint bookrunner and Wachovia Capital Markets, LLC served as co-lead arranger and joint bookrunner. Citicorp North America, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Lehman Brothers Inc., served as joint bookrunners.
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