Note 12 - Revolving Credit Facility |
9 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Notes to Financial Statements | |
| Debt Disclosure [Text Block] |
Note 12—Revolving Credit Facility
IDT Telecom, Inc. (“IDT Telecom”), a subsidiary of the Company, maintains a $25.0 million revolving credit facility with TD Bank, N.A. which was scheduled to mature on May 16, 2026. Effective May 12, 2026, the Company obtained an extension of the maturity date to July 15, 2026, and is currently in the process of renewing the facility. The revolving credit facility is secured by substantially all of IDT Telecom’s assets and bears interest at the secured overnight financing rate (“SOFR”) plus a margin of 125-175 basis points, depending on leverage. Interest is payable monthly, and all outstanding principal and any accrued and unpaid interest. At April 30, 2026 and July 31, 2025, there were no amounts outstanding under this facility. During the nine months ended April 30, 2026 and 2025, IDT Telecom borrowed and repaid $21.4 million and $24.6 million, respectively. IDT Telecom is required to comply with various affirmative and negative covenants as well as maintain certain targets based on financial ratios during the term of the revolving credit facility. As of April 30, 2026 and July 31, 2025, IDT Telecom was in compliance with all of the covenants.
|
| X | ||||||||||
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|