WebLink Wireless Expects Funding for Operations Through 2001 - TheStreet

WebLink Wireless

(WLNK)

signed an amendment to its credit facility that will allow the company to fund its operations through 2001.

The messaging services provider, based in Dallas, also said that "assuming adequate funding," its wireless data business should report earnings before interest, taxes, depreciation and amortization that break even in the third quarter of 2001.

WebLink said the amendment allows the company to borrow up to $80 million, plus an additional $20 million with further approval from the banks. The company expects the outstanding balance of the credit facility at Dec. 31 to be $53.4 million, with an additional $1.6 million reserved for letters of credit.

In addition, WebLink said the

Securities and Exchange Commission

declared its shelf registration of 8.5 million shares effective.

Shares of WebLink recently climbed 84 cents, or 43.6%, to $2.81 in trading on the

Nasdaq

.