Casa Systems Can Tap Lender Cash To Complete Ch. 11 Sale

By Ben Zigterman · April 5, 2024, 5:49 PM EDT

Communications equipment provider Casa Systems received the Delaware bankruptcy court's permission Friday to use lender cash to fund its Chapter 11 bankruptcy, as the debtor pushes for a quick sale of its...

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Bankruptcy Scorecard

Summary

Communications equipment company Casa Systems Inc. filed for Chapter 11 protection in Delaware, with plans to sell its 5G mobile core and RAN business to software company Lumine Group.

Case Number

24-10695

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$316 million in debt

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Related Sections

Case Information

Case Title

Casa Systems, Inc.

Case Number

1:24-bk-10695

Court

Delaware

Nature of Suit

Date Filed

April 03, 2024

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