On August 7, 2008, Westell Technologies, Inc. (the “Company”) entered into a second amendment (the “Amendment”) to its Second Amended and Restated Credit Agreement dated as of June 30, 2006. The Amendment reduced the amount of the Company’s revolving loan facility from $40 million to $25 million and waived violations by the Company of the Fixed Charged Coverage Ratio and Total Debt to EBITDA Ratio covenants for the quarter ended June 30, 2008
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
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(d) |
Exhibits |
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10.1 |
Second Amendment to Second Amended and Restated Credit Agreement, dated August 7, 2008, by and among Westell Technologies, Inc., Westell, Inc., Teltrend, LLC, Conference Plus, Inc. and LaSalle Bank National Association. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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WESTELL TECHNOLOGIES, INC. |
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Date: August 11, 2008 |
By: |
/s/ Amy T. Forster |
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Amy T. Forster |
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Senior Vice President and |
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Chief Financial Officer |