Casa Starts Ch. 11 Cable Sale Process With $20M Floor Bid

By Vince Sullivan · May 2, 2024, 6:46 PM EDT

Bankrupt telecommunications company Casa Systems Inc. received approval Thursday from a Delaware judge to move forward with a Chapter 11 sale process for its cable assets starting with a $20 million...

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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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Documents

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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