Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit. The transaction allowed Comtech Telecommunications Corp. to refinance its existing debt and provides enhanced liquidity and flexibility.
Comtech Telecommunications Corp., headquartered in Chandler, AZ, is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. For more information, please visit www.comtech.com.
“We enjoyed working closely with Comtech, its advisors, and TCW to craft a unique capital solution that provides support for both their immediate and longer-term strategic plans,” said Will Bence, Managing Director at Wingspire Capital.
TD Cowen served as exclusive financial advisor to Comtech Telecommunications Corp. on the transaction.