Inseego amended its credit facility, decreasing the amount available under its revolver to $10 million from $48 million.

According to a related 8-K filing, Wells Fargo acted as administrative agent.

With this amendment, made at the request of the borrowers, the lender has made certain borrowing amounts and financial accommodations available in order to enable draw-downs by the borrowers from time to time. In exchange for amending and updating the financial covenants with respect to liquidity requirements and EBITDA targets, among other things, the amendment increased the applicable margin to 4.00% when interest is based on the daily three-month LIBOR rate and 1.50% when interest is based on the prime rate.