Comtech Telecom (CMTL) Announces Transformation Strategy and Capital Structure Update

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Go back to Comtech Telecom (CMTL) Announces Transformation Strategy and Capital Structure Update

Comtech Announces Transformation Strategy and Capital Structure Update

October 17, 2024 5:30 PM EDT

Board of Directors Discloses Strategic Alternatives Process for Terrestrial & Wireless Networks Segment; Comtech to Become a Pure-Play Satellite and Space Communications Company

Company Amends Credit Facility and Enters into New Subordinated Unsecured Term Loan Facility

CHANDLER, Ariz.--(BUSINESS WIRE)-- Comtech (NASDAQ: CMTL) (the Company), a global technology leader, today announced that its Board of Directors and management team are executing a strategy to transform Comtech into a pure-play satellite and space communications company and provided a capital structure update.

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