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Comtech Telecommunications Corp.
Comtech Telecommunications Corp. Announces Redemption of Its $105.0 Million 2.0 Percent Convertible Senior Notes Due 2024
MELVILLE, N.Y., Jan. 16, 2009 (GLOBE NEWSWIRE) -- Comtech Telecommunications Corp. ("Comtech") (Nasdaq:CMTL) has notified The Bank of New York Mellon, as trustee (the "Trustee"), that Comtech will redeem all of its outstanding $105.0 million 2.0% Convertible Senior Notes Due 2024 (the "2.0% Convertible Senior Notes"), for cash on February 12, 2009 (the "Redemption Date"), at a redemption price of 100.571% of the principal amount of the 2.0% Convertible Senior Notes (the "Redemption Price"), plus accrued and unpaid interest and Contingent Interest to, but not including, the Redemption Date, in accordance with the terms of the Indenture dated as of January 27, 2004 (the "Indenture") between Comtech and the Trustee.