March 9, 2010 (FinancialWire) — Westell Technologies, Inc. (NASDAQ: WSTL) said it has entered into an amendment to its credit facility agreement with the PrivateBank and Trust Co. The company said the amendment extends the maturity date of the credit facility agreement to March 31, 2011 and modifies certain other provisions of the agreement.

Westell said it maintains this credit facility as a cost-effective source of supplementary liquidity, and has not borrowed under this facility. The company reported that it held cash and cash equivalents totaling $58.1 million as of December 31, 2009, an increase of $14.2 million during the preceding 12-month period.

Illinois-based Westell Technologies is a holding company for Westell, Inc. and ConferencePlus, Inc. Westell, Inc. designs, distributes, markets and services a range of broadband customer-premises equipment, digital transmission, remote monitoring, power distribution and demarcation products used by telephone companies and other telecommunications service providers.

ConferencePlus, Inc. is a global provider of audio, web, video and IP conferencing services.

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