Casa systems announces execution of transaction support agreement to extend term loan b (“tlb”) debt maturity to december 2027, with additional debt paydown and further favorable de-levering

Andover, mass., may 09, 2023 (globe newswire) -- casa systems, inc. (nasdaq: casa) (“casa” or “the company”), a leading provider of cloud-native software and physical broadband technology solutions for access, cable, and cloud, today announced it entered into a transaction support agreement (the “tsa”) with an ad hoc committee of lenders (the “consenting lenders”) representing approximately 60% of the approximately $223 million in aggregate principal amount of the company's term loan b senior secured debt now outstanding (the “2023 tlb debt”).
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