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) February 16, 2005

                               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         Entry into a Material Definitive Agreement

         On February 16, 2005, Greenhill Capital Partners, LLC ("Greenhill
Capital") informed the Registrant as follows:

              "An affiliate of Greenhill Capital entered into a credit
              agreement, dated as of February 16, 2005, with Morgan Stanley
              Mortgage Capital, Inc. as Administrative Agent and certain
              lenders. Pursuant to the credit agreement, the affiliate has
              borrowed $70 million from the lenders thereunder and this amount
              has been secured by, among other things, a pledge by the
              affiliate of a total of 8,383,234 shares of common stock of the
              Registrant owned by such affiliate, representing approximately
              16.1% 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. Robert H. Niehaus, the Registrant's Vice Chairman
of its Board of Directors, owns an interest in the private equity funds managed
by Greenhill Capital and is the Chairman of Greenhill Capital which acts as the
general partner of the manager of the borrower and of one of the Registrant's
principal stockholders, Greenhill Capital Partners, L.P.

         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 and Secretary

Date: February 16, 2005