IDT Corp Amends Revolving Credit Facility, Extends Maturity to 2029

What Happened
IDT Corporation (through subsidiary IDT Telecom, Inc.) announced on Aug. 13, 2026 (Amendment dated Aug. 11, 2026) that it amended its revolving credit agreement with TD Bank, N.A. The amendment raises the amount of revolving credit available to IDT Telecom in certain months, adds three entities as additional corporate guarantors, and extends the facility’s maturity date to July 15, 2029. All other material terms of the credit agreement remain unchanged.

Key Details

• Revolving credit availability increased to $50.0 million during May and December of each year (previously $25.0 million in all months).
• Maturity date extended from Aug. 16, 2026 to July 15, 2029.
• New corporate guarantors added: National Retail Solutions, Inc.; IDT Payment Services, Inc.; and IDT Payment Services of New York, LLC.
• The facility continues to be secured by the assets of IDT Telecom, IDT Corporation, IDT Domestic Telecom, IDT America, Net2Phone, National Retail Solutions, IDT Payment Services, and IDT Payment Services of New York.

Why It Matters
The amendment improves IDT’s short-term liquidity capacity during peak months by increasing available borrowing to $50M in May and December, which may support seasonal cash flow needs (e.g., payment processing or retail-related activity). Extending the maturity to July 15, 2029 reduces near-term refinancing pressure that would have arisen from the prior Aug. 16, 2026 maturity. The addition of guarantors and the continued asset security signal broader credit support across related business units. Investors should note this is a financing and liquidity update—not an operational or earnings disclosure.