Wingspire Capital Provides $60 Million Senior Secured Revolver to Comtech Telecommunications Corp.

ATLANTA – July 8, 2024 — Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). 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.

ABOUT WINGSPIRE CAPITAL

Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks.  Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services. 

Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with over $174 billion of assets under management as of March 31, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.  

ABOUT TCW PRIVATE CREDIT

TCW Private Credit specializes in providing senior-secured loans to U.S.-based middle market borrowers. Since 2001, the group has provided private credit solutions to borrowers across a wide range of industries, partnering with business owners, management teams, financial intermediaries, and asset-based lenders to provide customized financing solutions for a variety of needs. TCW Private Credit is a unit of TCW, a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets. With over half a century of investment experience, TCW manages approximately $204 billion in client assets today. Through its ETFs, MetWest Funds, and TCW Funds, TCW manages one of the largest fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.