Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
COMTECH TELECOMMUNICATIONS CORP /DE/ amended credit facility of a senior secured loan facility of up to $300.0 million with Citibank N.A. and other lenders at either (i) Alternate Base Rate borrowings, which would bear interest from the ap maturing The Amended Credit Facility matures on October 31, 2024 (the "Maturity Date")..
- Instrument
- credit facility
- Principal
- a senior secured loan facility of up to $300.0 million
- Counterparty
- Citibank N.A. and other lenders
- Rate
- either (i) Alternate Base Rate borrowings, which would bear interest from the ap
- Maturity
- The Amended Credit Facility matures on October 31, 2024 (the "Maturity Date").
- Event
- amendment
Exact text from the filing
The Amended Credit Facility provides a senior secured loan facility of up to $300.0 million consisting of: (i) a revolving loan facility ("Revolving Loan Facility") with a borrowing limit of $150.0 million, including a $20.0 million letter of credit sublimit and a swingline loan credit sublimit of $15.0 million; (ii) a $50.0 million term loan A ("Term Loan"); and (iii) an accordion feature allowing us to make a request to borrow up to an additional $100.0 million subject to the satisfaction of specified conditions, including approval by our lenders. The Amended Credit Facility matures on October 31, 2024 (the "Maturity Date").
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
COMTECH TELECOMMUNICATIONS CORP /DE/: Amended and Restated Certificate of Designations modified the definition of Existing Credit Agreement to reference the Company's Second Amended and Restated Credit Agreement dated as of November 30, 2022 (effective 2022-11-30).
- Change
- charter amendment
- Effective
- 2022-11-30
Exact text from the filing
On November 30, 2022, the Company filed an Amended and Restated Certificate of Designations (the "Amended Certificate") with the Secretary of the State of Delaware. The Amended Certificate modifies the definition of Existing Credit Agreement to reference the Company's Second Amended and Restated Credit Agreement dated as of November 30, 2022.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
COMTECH TELECOMMUNICATIONS CORP /DE/ amended Second Amended and Restated Credit Agreement with the lenders party thereto and Citibank N.A., as administrative agent, issuing bank and swingline lender valued at $300.0 million (effective 2022-11-30).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto and Citibank N.A., as administrative agent, issuing bank and swingline lender
- Value
- $300.0 million
- Effective
- 2022-11-30
Exact text from the filing
On November 30, 2022, Comtech Telecommunications Corp. (the "Company") entered into a Second Amended and Restated Credit Agreement among the Company, the lenders party thereto and Citibank N.A., as administrative agent, issuing bank and swingline lender (the “Amended Credit Facility”), amending the First Amended and Restated Credit Agreement, dated as of October 31, 2018
View on SEC.gov