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

Mountain Ridge Capital Upsizes its Credit Facility with Wells Fargo to $400MM

July 10, 2026
Deal Announcements

Everforth Completes Refinancing and Upsizes to a New $600MM Revolving Credit Facility

July 10, 2026
Deal Announcements

MountainSeed Secures $38MM Growth Investment from Long Ridge Equity Partners

July 10, 2026
Deal Announcements

Consumer Portfolio Services Renews and Increases Credit Facility with Citibank

July 10, 2026
Deal Announcements

Flatbay Capital Provides $1.2MM Bridge Loan for Architectural Metal Manufacturer

July 10, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
Deal Announcements

Private Label Company Secures $750K Facility from Prestige Capital

July 10, 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 *

The Case for High Velocity Underwriting in Middle Market and SME Deals

The Case for High Velocity Underwriting in Middle Market and SME Deals

July 6, 2026

When the Meter Replaces the Subscription: Why Recurring Revenue Due Diligence Has to Catch Up

July 11, 2026

TMA Leading Edge with Jenny Faubion: AI and Out of Court Options

June 19, 2026

The Warm Introduction Premium: Why Relationship-Sourced Deals Still Close at Better Terms

June 15, 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