---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115298"
form_type: "8-K"
ticker: "CMTL"
cik: "0000023197"
company_name: "COMTECH TELECOMMUNICATIONS CORP /DE/"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:54:52.313917+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Comtech closes divestiture of PST product line to Stellant for $32.5M; proceeds used to reduce debt

## Summary
- Net cash proceeds of $32.5M from sale of PST product line to Stellant (Arlington Capital Partners portfolio company).
- Proceeds used to pay down outstanding debt on amended credit facility.
- Entered Third Amended Credit Agreement: revolving commitments drop to $140M after Jan 1, 2024; quarterly reductions of $5M thereafter.
- Amended Certificate of Designations for Series A Convertible Preferred Stock to reference new credit facility.

## SEC filing metadata
- accession: 0001104659-23-115298
- form_type: 8-K
- ticker: CMTL
- cik: 0000023197
- company_name: COMTECH TELECOMMUNICATIONS CORP /DE/
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 2.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/0001104659-23-115298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/tm2330121d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115298
- JSON: https://secwatch.observer/filing/0001104659-23-115298.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115298.txt

## Key facts
- Governance Changes
  COMTECH TELECOMMUNICATIONS CORP /DE/: Amended the Certificate of Designations of Series A Convertible Preferred Stock to update definition of 'Existing Credit Agreement' to reference the Amended Credit Facility (effective 2023-11-07).
  - Change: charter amendment
  - Effective: 2023-11-07
  source text: Effective November 7, 2023, in connection with: (i) the closing of the PST Sale (as defined in Item 7.01 below) and (ii) entering into the Amended Credit Facility, Comtech and the holders of the Company’s Series A Convertible Preferred Stock entered into the Second Amended and Restated Certificate of Designations of Series A Convertible Preferred Stock of Comtech to modify the defined term “Existing Credit Agreement” to mean the Amended Credit Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23197/000110465923115298/0001104659-23-115298-index.htm

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