---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-001650"
form_type: "8-K"
ticker: "CMTL"
cik: "0000023197"
company_name: "COMTECH TELECOMMUNICATIONS CORP /DE/"
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:59:25.009375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Comtech enters $162M term loan and $60M ABL credit facility, issues warrants at $0.10 strike

## Summary
- New $162M term loan and $60M ABL facility; $25M drawn at closing, used to repay existing credit facility.
- Issued 1,435,884 warrants to lenders with $0.10 exercise price, expiring June 2031, including put rights.
- Exchanged all Series B Convertible Preferred for Series B-1 shares; conversion price stays $7.99 per share.
- Covenants include Fixed Charge Coverage ≥1.20x (rising to 1.35x) and Net Leverage ≤3.25x (stepping down to 2.65x).
- Matures July 31, 2028; interest margins 4.75%-10.00% above SOFR or Base Rate.

## SEC filing metadata
- accession: 0000950142-24-001650
- form_type: 8-K
- ticker: CMTL
- cik: 0000023197
- company_name: COMTECH TELECOMMUNICATIONS CORP /DE/
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23197/000095014224001650/0000950142-24-001650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23197/000095014224001650/eh240496292_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-001650
- JSON: https://secwatch.observer/filing/0000950142-24-001650.json
- Plain text: https://secwatch.observer/filing/0000950142-24-001650.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.