Simpson Thacher Represents Lead Arrangers in SBA’s $1.5 Billion Incremental Term Loan Facility
02.07.14
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The Firm represented Citigroup Global Markets Inc. and Barclays Bank PLC, as lead arrangers, and Toronto Dominion (Texas), LLC, as administrative agent, in connection with $1.5 billion of incremental term loan facilities for SBA Senior Finance II LLC (“SBA”). SBA will use the proceeds of the incremental facility to finance the acquisition of certain telecom towers from Brazil’s Grupo Oi SA, refinance certain of its existing senior secured credit facilities and for general corporate purposes.
SBA Communications Corporation is a provider and leading owner and operator of wireless communications infrastructure in North and Central America.
The Simpson Thacher team for the transaction included: Alan Brenner, Gibbs Fryer and Tamaron Greene (Credit & Banking), Jodi Sackel (Tax), Abram Ellis (Regulatory), Shanita Nicholas and Solomon Bashi (Derivatives), David Rubinsky (Executive Compensation and Employee Benefits) and Jonathan Pall (Collateral).