Casa Gets OK For $32.25M Telecom Asset Sale To Fund Ch. 11

By Ben Zigterman · April 26, 2024, 7:39 PM EDT

A Delaware bankruptcy judge said Friday that she would approve the $32.25 million sale of Casa Systems Inc.'s cloud and radio access network unit after an auction more than doubled the...

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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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