Casa Systems Gets OK On $45.1M Cable Sale, Ch. 11 Plan

By Alex Wittenberg · June 4, 2024, 5:11 PM EDT

A Delaware bankruptcy judge on Tuesday approved communications equipment company Casa Systems Inc.'s $45.1 million sale of its cable assets and Chapter 11 plan, enabling the debtor to complete a wind-down...

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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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