Comtech US$300m amended and restated revolving credit facility
Refinanced the 2016 term loan and revolver; working capital and permitted acquisitions
Key terms
- Borrower or issuer
- Comtech Telecommunications
- Date
- 31 Oct 2018
- Type
- Bank facility
- Amount
- US$300m
- Maturity
- 2023-10-31
Recorded terms
- Structure
- US$300m senior secured revolving facility with a US$250m accordion, US$35m letter of credit and US$25m swingline sublimits
- 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 |
|---|---|---|---|
| 17 Oct 2018 | Curtiss-Wright US$500m revolving credit facility (2018) | Bank facility | US$500m |
| 21 Nov 2018 | Ducommun US$340m amended and restated credit facilities | Bank facility | US$340m |
| 29 Nov 2018 | Leonardo €500m term loan (2018) | Bank facility | €500m |
| 1 Oct 2018 | Mercury Systems US$750m revolving credit facility (upsized) | Bank facility | US$750m |
| 24 Aug 2018 | Lockheed Martin US$2.5bn revolving credit facility (2018) | Bank facility | US$2.5bn |
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 |
| 30 Nov 2022 | Comtech US$200m second amended and restated credit facility | Bank facility | US$200m |
| 23 Feb 2016 | Comtech US$400m secured credit facilities for TeleCommunication Systems | Acquisition finance | US$400m |
Sources
- Comtech Telecommunications Form 8-K (First Amended and Restated Credit Agreement) sec.gov · 5 Nov 2018
About this record
Record DEF-2018-0026, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
