Comtech Announces Improved Capital Structure
Comtech Telecommunications Corp. (CMTL)
Last comtech telecommunications corp. earnings: 3/4 04:02 pm
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US:NASDAQ Investor Relations:
comtechtel.com/ir.cfm
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Source: Business Wire
New Capital Infusion of $40 MillionImmediate 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 the suspension of the fixed charge coverage ratio and the net leverage ratio covenants in the senior secured credit agreement such that the next test will be for the quarter ending on October 31, 2025. Furthermore, the agreement reduces the interest rate on the senior secured loans.These remedies and improvements in the senior secured credit facility were enabled by a new capit
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CMTL
Earnings
- 12/11/25 - Miss
CMTL
Sec Filings
- 12/16/25 - Form 3
- 12/11/25 - Form 8-K
- 12/11/25 - Form 8-K
- CMTL's page on the SEC website