CHANDLER, Ariz. – June 18, 2024 — Comtech (NASDAQ: CMTL) (“the Company”) today announced its third quarter fiscal 2024 financial results in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website. Investors are invited to access the third quarter fiscal 2024 shareholder letter at comtech.com/investors/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.
Comtech also announced that on June 17, 2024, the Company entered into a $222.0 million credit facility with a new syndicate of lenders which is expected to be funded on or around June 18, 2024. The New Credit Facility matures on July 31, 2028, consists of a committed $162.0 million term loan facility and $60.0 million revolver loan facility and is expected to have outstanding borrowings at close of approximately $187.0 million, reflecting $25.0 million drawn on the revolver. A copy of the credit agreement will be filed with the Securities and Exchange Commission in a Form 8-K.
Comtech also intends to host an earnings conference call at 8:30AM ET today, Tuesday, June 18, 2024. Individuals can access the conference call by dialing (800) 267-6316 (domestic) or (203) 518-9783 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for two weeks by dialing (888) 566-0152 or (402) 220-9186. A live webcast of the call is also available at comtech.com/investors/.
Acerca de Comtech
Comtech Telecommunications Corp. es una empresa tecnológica líder mundial que ofrece soluciones de redes terrestres e inalámbricas, servicios de emergencia 9-1-1 de nueva generación, tecnologías de comunicaciones por satélite y espaciales, y capacidades nativas de la nube a clientes comerciales y gubernamentales de todo el mundo. Nuestra cultura única de innovación y capacitación de los empleados desata una pasión implacable por el éxito de los clientes. Con múltiples instalaciones ubicadas en los corredores tecnológicos de Estados Unidos y de todo el mundo, Comtech aprovecha nuestra presencia global, liderazgo tecnológico y décadas de experiencia para crear las soluciones de comunicaciones más innovadoras del mundo. Para obtener más información, visite www.comtech.com.
Declaraciones prospectivas
Cierta información contenida en este comunicado de prensa contiene afirmaciones que son de naturaleza prospectiva e implican ciertos riesgos e incertidumbres significativos. Los resultados reales podrían diferir sustancialmente de dicha información prospectiva. Los documentos presentados por la empresa ante la Securities and Exchange Commission identifican muchos de estos riesgos e incertidumbres. Cualquier información de carácter prospectivo contenida en este comunicado de prensa está sujeta en su totalidad a los riesgos e incertidumbres descritos en dichos documentos de la Comisión de Bolsa y Valores.
PCMTL
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617172671/en/
Investor Relations
Maria Ceriello
631-962-7102
