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Comtech launches US$100m share issue to repay TCS takeover loans

Connectivity BusinessbyConnectivity Business
June 13, 2016
in Financing, Space Services
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US satcoms equipment maker Comtech has hired underwriters to sell up to US$100m of shares to help repay debt under its secured credit facility. It took on the debt after buying communications specialist TeleCommunication Systems in a US$431m deal that closed in February, more than doubling the size of its operations. US satcoms equipment maker Comtech (NASDAQ:CMTL) has hired underwriters to sell up to US$100m […]

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Tags: BMO Capital MarketsCitigroupComtech TelecommunicationsJefferiesLadenburg ThalmannNoble International InvestmentsNorth AmericaNorthland SecuritiesPremiumRaymond JamesSantanderTeleCommunication SystemsTF247
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