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To: Bucky Katt who wrote (9031)	8/21/2002 4:06:27 PM
From: Silver_Bullet	Respond to of 48461

Yesterday must have been that skunk'em day you talked about to get cheap shares... Missed FRNT from $5.50.. .now crossing $7.4 FT

To: Bucky Katt who wrote (9031)	8/21/2002 6:29:27 PM
From: Silver_Bullet	Read Replies (1) \| Respond to of 48461

<font color=green>The Wireless Towers (SITE, AMT, CCI ) got some action based on the great news for SITE.</font> SpectraSite Amends Senior Credit Facility biz.yahoo.com The amendment, among other things: provides for an overall loosening of the credit facility's financial covenants until the earlier of September 30, 2003 or the date that SpectraSite Holdings completes an acceptable restructuring of its high yield indebtedness allows the sale of the Company's network services and broadcast businesses, waives certain potential events of default through September 30, 2003, and eliminates, in certain circumstances, the requirement that SpectraSite Holdings not have a going concern qualification in its audited financial statements for 2002. To obtain these amendments, the Company agreed to, among other things: increase the interest rates under the credit facility by 50 basis points per annum until SpectraSite Holdings completes an acceptable restructuring of its high yield indebtedness, pay interest and commitment fees monthly (rather than quarterly) until SpectraSite Holdings completes an acceptable restructuring of its high yield indebtedness, restrict its ability to incur future indebtedness and make investments and tower acquisitions, change the interest coverage test to make it more restrictive, reduce the maximum available under the revolving portion of the credit facility by $50 million to $300 million and terminate the $165 million undrawn portion of the multiple draw term loan (which reductions will be applied in direct order of maturity against the amortization schedule of the revolving credit facility and the multiple draw term loan, respectively), and pay an amendment fee of 25 basis points. After giving effect to the amendment, SpectraSite Communications will have cash on hand of $45.3 million and could borrow approximately $58.9 million under the revolving credit facility while remaining in compliance with the revised financial covenants