Westell Technologies 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2011
WESTELL TECHNOLOGIES, INC.
(Exact name of registrant as specified in charter)
Registrants telephone number, including area code (630) 898-2500
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
On March 31, 2011, Westell Technologies, Inc. (the Company) and certain of its direct and indirect subsidiaries entered into a second amendment (the Second Amendment) to the Credit Agreement, dated as of March 5, 2009 (the Credit Agreement), by and among the Company, Westell, Inc., Teltrend LLC, Conference Plus, Inc, as borrowers, and the PrivateBank and Trust Company, as lender.
The Second Amendment extended the maturity date of the Credit Agreement to March 31, 2012 and amended certain other provisions of the Credit Agreement including the applicable margin, unused line fee rates, and requisite minimum balances.
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.
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.