Comtech amends credit agreements, makes $10M voluntary prepayments using advance payment from Wavestream sale

COMTECH TELECOMMUNICATIONS CORP /DE/

Entered Amendment No. 5 to Credit Agreement and Amendment No. 4 to Subordinated Credit Agreement on July 30, 2026.
Amendments waive excess cash flow prepayment for FY ended July 31, 2026, and allocate $10M advance payment from Wavestream sale: 65% to term loan, 35% to subordinated loan.
On July 31, 2026, made voluntary prepayments of $6.5M toward term loan and $3.5M toward priority term loan, plus $1.0M scheduled principal.
Warrant amendment expands put right to include Specified Permitted Individual Disposition (Wavestream sale), allowing warrant holders to sell up to 50% of warrants at 90% of 30-day VWAP.
Revolving loan facility remains undrawn after May 2026 repayment.

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