Comtech US$200m second amended and restated credit facility
Refinanced the 2018 credit facility; working capital and permitted acquisitions
Key terms
- Borrower or issuer
- Comtech Telecommunications
- Date
- 30 Nov 2022
- Type
- Bank facility
- Amount
- US$200m
- Pricing
- Term SOFR + applicable rate
- Maturity
- 2024-10-31
Recorded terms
- Structure
- US$150m revolving facility and US$50m term loan A, with a US$100m accordion; SOFR-based pricing
- Lenders and arrangers
- Citibank, N.A. (administrative agent, issuing bank and swingline lender) and a syndicate of lenders
- Country
- United States
Parties
- Comtech Telecommunications borrower or issuer
- Lenders: Citigroup
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Nov 2022 | Leonardo DRS US$500m term loan A and revolving credit facility | Bank facility | US$500m |
| 12 Oct 2022 | BWX Technologies US$1.0bn secured credit facility (2022) | Bank facility | US$1bn |
| 14 Sep 2022 | Parsons US$350m delayed-draw term loan (2022) | Bank facility | US$350m |
| 7 Sep 2022 | Booz Allen Hamilton US$2.65bn term loan A and revolver refinancing (2022) | Bank facility | US$2.65bn |
| 28 Feb 2023 | V2X US$750m term loan A and revolving credit facility | Bank facility | US$750m |
More from Comtech Telecommunications
| Date | Financing | Type | Amount |
|---|---|---|---|
| 17 Jun 2024 | Comtech US$222m term loan and ABL from TCW and Wingspire | Bank facility | US$222m |
| 31 Oct 2018 | Comtech US$300m amended and restated revolving credit facility | Bank facility | US$300m |
| 23 Feb 2016 | Comtech US$400m secured credit facilities for TeleCommunication Systems | Acquisition finance | US$400m |
Sources
- Comtech Telecommunications Form 8-K (Second Amended and Restated Credit Agreement) sec.gov · 1 Dec 2022
About this record
Record DEF-2022-0024, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
