Casa Systems Urged To Solve Ch. 11 Cash Use Or Face Ch. 7

By Vince Sullivan · May 3, 2024, 7:15 PM EDT

A Delaware bankruptcy judge on Friday told Casa Systems Inc. and its secured lenders to make progress on a final cash collateral order, or the telecommunications company would be facing conversion...

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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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