DragonWave Inc. announced that it has amended its existing revolving credit facilities with Comerica Bank and Export Development Canada. The maximum amount of credit availability under the amended asset-based credit facility has been increased from $20 million to $40 million. Credit availability is subject to ongoing compliance with borrowing covenants and short term assets on hand.

The company currently has $15 million drawn on this facility, and access to additional available funds is geared to future growth in accounts receivable. The revolving credit maturity date has also been extended from May 31, 2014 to June 1, 2016. The arrangements include other terms, conditions and covenants customary for asset-based revolving credit facilities.