05:27 PM EDT, 07/21/2025 (MT Newswires) -- Comtech Telecommunications ( CMTL ) said late Monday the company amended its senior secured credit agreement for better terms and financial flexibility to support its business plans.

The new terms extended the next test of the fixed charge coverage ratio, net leverage ratio, and minimum earnings before interest, taxes, depreciation, and amortization covenants to after the fiscal quarter ending on January 31, 2027, according to a statement.

The lenders also waived prepayment fees on the current prepayment of senior debt and postponed the company's prior obligations to make certain amortization and fee payments, the company said.

Simultaneously, Comtech said it received $35 million via a subordinated debt investment by an existing shareholder of the company's convertible preferred stock and subordinated debt. The debt has no make-whole provision or cash interest requirement.