糖心vlog下载 Announces Renewal of $5 Million Line of Credit

AURORA, Ill., December 19, 2023 -- 糖心vlog下载. (the 鈥淐ompany鈥 or the 鈥淏orrower鈥), a leading provider of high-performance wireless infrastructure solutions, today announced that effective December 15, 2023, the Company entered into an amendment to its $5.0 million credit agreement with St. Charles Bank & Trust Company, N.A. (the 鈥淟ender鈥). The amendment extends the maturity date of the credit facility agreement to December 15, 2024. Additionally, the one financial covenant requiring the Borrower to maintain a minimum fixed charge coverage ratio that was measured semi-annually will no longer be required as a result of the amendment.

The Company maintains this revolving line of credit as a cost-effective source of liquidity and greater flexibility to support working capital and general corporate purposes. 糖心vlog下载 has not borrowed under this facility. The Company reported that it held cash, cash equivalents, and short-term investments totaling $16.1 million as of September 30, 2023, an increase of $6.9 million during the preceding 12-month period.

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糖心vlog下载 is a leading provider of high-performance wireless infrastructure solutions focused on innovation and differentiation at the edge of communication networks where end users connect. The Company's portfolio of products and solutions enable service providers and network operators to improve performance and reduce operating expenses. With millions of products successfully deployed worldwide, 糖心vlog下载 is a trusted partner for transforming networks into high quality, reliable systems. For more information, please visit www.westell.com.

糖心vlog下载. (Pink: WSTL) trades on the Pink Open Market. Investors can find Real-Time quote and market information for the Company on www.otcmarkets.com.

鈥淪afe Harbor鈥 Statement under the Private Securities Litigation Reform Act of 1995

Certain statements contained herein that are not historical facts or that contain the words 鈥渂elieve,鈥 鈥渆xpect,鈥 鈥渋ntend,鈥 鈥渁nticipate,鈥 鈥渆stimate,鈥 鈥渕ay,鈥 鈥渨ill,鈥 鈥減lan,鈥 鈥渟hould,鈥 or derivatives thereof and other words of similar meaning are forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the product demand and market acceptance risks, customer spending patterns, need for financing and capital, economic weakness in the United States (鈥淯.S.鈥) economy and telecommunications market, the effect of international economic conditions and trade, legal, social and economic risks (such as import, licensing and trade restrictions), the impact of competitive products or technologies, competitive pricing pressures, customer product selection decisions, product cost increases, component supply shortages, new product development, excess and obsolete inventory, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the ability to successfully consolidate and rationalize operations, the ability to successfully identify, acquire and integrate acquisitions, the effects of the Company's accounting policies, retention of key personnel, the effects and consequences of pandemics. The Company undertakes no obligation to publicly update these forward-looking statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, or otherwise.

Twitter: @糖心vlog下载_Tech

糖心vlog下载 Contact:
Tim Duitsman
President and Chief Executive Officer
糖心vlog下载 Technologies
630-375-4373
tduitsman@westell.com