Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

J.P. Morgan Extends CalAmp’s $50MM Facility by Two Years

byPhil Neuffer
March 30, 2020
in Deal Announcements

J.P. Morgan amended CalAmp’s existing $50 million credit facility, extending the maturity of the credit facility by two years. The original facility was entered into on March 30, 2018.

“Over the past few years, we increased our operating cash flow and have demonstrated CalAmp’s ability to reduce its debt balance when circumstances warrant,” Jeff Gardner, interim president and CEO of CalAmp, said. “CalAmp is operating from a position of strength with increased global scale and a strong balance sheet, including approximately $100 million of available cash. This amendment affords us the financial flexibility to manage our working capital resources, while also further advancing our strategic transformation to a global SaaS solutions provider.”

“Our solid financial performance over these past two years afforded us the opportunity to amend our credit facility even amidst the uncertainty created by the coronavirus pandemic,” Kurt Binder, executive vice president and CFO of CalAmp, said. “We are extremely pleased with the flexibility and support from our bank, J.P. Morgan.”

CalAmp is a global technology company.

Previous Post

C-Suite Executives Expect ‘Further Downward Pressures’ Due to COVID-19

Next Post

CIT Commits $1MM in Support During COVID-19 Pandemic

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Annexon Secures Strategic Credit Facility for Up to $200MM from Oxford Finance

July 31, 2026
Deal Announcements

Bending Spoons Enters into €500MM SACE-Backed Term Loan Facility

July 31, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
Deal Announcements

Flatbay Capital Closes $1.5MM CRE Line of Credit for Heavy Hauler

July 31, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Zeta Global Closes $1B Credit Facility for M&A with Lender Syndicate

July 29, 2026
Deal Announcements

Cambridge Savings Bank Supports Belle Brands’ Acquisition of Versed Through Increased Credit Facility

July 29, 2026
Deal Announcements

TPG Twin Brook Serves as Administrative Agent on Two Transactions

July 29, 2026
Next Post

CIT Commits $1MM in Support During COVID-19 Pandemic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Inside Today’s DIP Financing Landscape: Seth Lieberman on the Issues Reshaping Chapter 11

Inside Today’s DIP Financing Landscape: Seth Lieberman on the Issues Reshaping Chapter 11

July 24, 2026

Scale Gravity: How Mega-Fund Growth Is Reshaping the Competitive Map of Private Credit

July 11, 2026

The MCA ‘Restructuring’ Problem: What’s in a Word?

July 24, 2026

The Lender Marketplace: How Non-Bank Lending Is Reshaping the Capital Stack

July 31, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years