Financing ·
Comtech Telecommunications Corp. entered into Amendment No. 5 to its Senior Credit Agreement and Amendment No. 4 to…
CMTLComtech Telecommunications Corp
Comtech Telecommunications Corp. entered into Amendment No. 5 to its Senior Credit Agreement and Amendment No. 4 to its Subordinated Credit Agreement on July 30, 2026. The amendments waived excess cash flow prepayment obligations for the fiscal year ended July 31, 2026, and permitted the application of a $10.0 million advance payment from Wavestream Corporation toward debt prepayments—specifically $6.5 million to the senior term loan and $3.5 million to the subordinated priority term loan. Additionally, the company amended Lender Warrants to grant holders a put right allowing them to sell up to 50% of their warrants back to the company at 90% of the stock's 30-day VWAP upon specific dispositions or refinancing. On July 31, 2026, Comtech made voluntary prepayments totaling $10.0 million and repaid a scheduled $1.0 million principal payment. The company operates in the telecommunications industry, providing wireless communications systems and components.