Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications. 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 to refinance its existing debt and provides enhanced liquidity and flexibility.
“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,” Will Bence, managing director at Wingspire Capital, said.
TD Cowen served as exclusive financial advisor to Comtech Telecommunications on the transaction.
