Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT
    Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  December 21, 2004

                              Global Signal Inc.
            (Exact name of registrant as specified in its charter)

            Delaware                  001-32168               65-0652634
(State or other jurisdiction of       (Commission           (IRS Employer
       incorporation)                 File Number)          Identification No.)

    301 North Cattlemen Road, Suite 300, Sarasota, Florida         34232
        (Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code   (941) 364-8886

        (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act 
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the 
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the 
     Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01    Other Events.

         On December 21, 2004, Fortress Investment Holdings LLC ("Fortress
Holdings") informed the Registrant as follows:

                  "An affiliate of Fortress Holdings entered into a credit
         agreement, dated as of December 21, 2004, with Bank of America, N.A.,
         Morgan Stanley Asset Funding Inc., the other lenders party thereto
         and Banc of America Securities LLC. Pursuant to the credit agreement,
         the affiliate has borrowed $160 million from the lenders thereunder
         and this amount has been secured by, among other things, a pledge by
         the affiliate of a total of 19,162,248 shares of common stock of the
         Registrant owned by such affiliate. The 19,162,248 shares of common
         stock represents approximately 37% of the Registrant's issued and
         outstanding common stock as of the date hereof.

                  The credit agreement contains customary default provisions
         and also requires prepayment of a portion of the borrowings by the
         affiliate in the event the trading price of the common stock of the
         Registrant decreases below certain specified levels. In the event of
         a default under the credit agreement by the affiliate, the lenders
         thereunder may foreclose upon any and all shares of common stock
         pledged to them. The affiliate has agreed in the credit agreement to
         exercise its right to cause the Registrant to file a shelf
         registration statement pursuant to the Amended and Restated Investor
         Agreement dated as of March 31, 2004 among the Registrant, Fortress
         Pinnacle Acquisition LLC, Greenhill Capital Partners, L.P., and its
         related partnerships named therein, and Abrams Capital Partners II,
         L.P. and certain of its related partnerships named therein, and other
         parties named therein. The registration statement will cover sales by
         the lenders of shares of the pledged common stock in the event of a
         foreclosure by any of them and is required to be filed by June 6,
         2005 pursuant to the credit agreement."

         The Registrant is not a party to the credit agreement and has no
obligations thereunder. Mr. Wesley Edens, the Registrant's Chief Executive
Officer and Chairman of its Board of Directors owns an interest in Fortress
Holdings and is the Chairman of its Management Committee.

         This information shall also be deemed to be filed under Item 5.01 of
Form 8-K.


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                  GLOBAL SIGNAL INC.

                                                  /s/ Greerson G. McMullen
                                                  Greerson G. McMullen
                                                  Executive Vice President, 
                                                  General Counsel & Secretary

Date: December 21, 2004