Comtech Telecom (CMTL) Announces Improved Capital Structure

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Go back to Comtech Telecom (CMTL) Announces Improved Capital Structure

Comtech Announces Improved Capital Structure

March 3, 2025 4:30 PM EST

New Capital Infusion of $40 Million

Immediate Reduction in Senior Debt, Waiver of Financial Covenants and Enhanced Financial Flexibility

CHANDLER, Ariz.--(BUSINESS WIRE)-- March 3, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (Comtech or the Company), a global communications technology leader, today announced an amendment to its senior secured credit agreement that cures the covenant breaches as of January 31, 2025, that the Company had disclosed it anticipated in its earnings release, 10Q and conference call on January 13, 2025. The agreement also provides for improved financial flexibility with... More