CalAmp Corp.

CalAmp Corp. filed a prepackaged chapter 11 case in the District of Delaware on June 3, 2024 to implement a lender-backed recapitalization and go-private transaction. The plan was confirmed on July 11, 2024 and became effective on July 31, 2024, with existing equity cancelled and new equity issued to the consenting secured noteholder group (Lynrock-backed).

Key points:

• Funded debt described as approximately $275M: $45M secured term loan + $230M secured notes.
• Cash collateral governed liquidity during the case via budget/variance controls.
• General unsecured claims were treated as unimpaired (paid in full / ordinary course), while equity was cancelled.