Comtech Telecom (CMTL) Announces Transformation Strategy and Capital Structure Update
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Comtech Announces Transformation Strategy and Capital Structure Update
October 17, 2024 5:30 PM EDTBoard of Directors Discloses Strategic Alternatives Process for Terrestrial & Wireless Networks Segment; Comtech to Become a Pure-Play Satellite and Space Communications Company
Company Amends Credit Facility and Enters into New Subordinated Unsecured Term Loan Facility
CHANDLER, Ariz.--(BUSINESS WIRE)-- Comtech (NASDAQ: CMTL) (the Company), a global technology leader, today announced that its Board of Directors and management team are executing a strategy to transform Comtech into a pure-play satellite and space communications company and provided a capital structure update.
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