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

Deal Announcements

First Business Bank Funds $25MM Asset-Based Credit Facility for Nut Processing Company Refinancing

June 8, 2026
Deal Announcements

esVolta Secures Upsized Corporate Credit Facility to Support Energy Storage Portfolio

June 8, 2026
Deal Announcements

Banco Plata Welcomes New Lenders with $300MM in Total Commitments to Nomura-Led Facility

June 4, 2026
Deal Announcements

AIP Capital Appoints Stevens as Managing Director, Americas

June 4, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Silver Point Provides Debt Financing for Acquisition of Signal Peak Silica by Iron Oak Energy Solutions

June 4, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

DHT Secures New $250MM Revolving Credit Facility

June 4, 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 *

TMA Leading Edge Series with Winston Mar: When Management Fails

TMA Leading Edge Series with Winston Mar: When Management Fails

June 5, 2026

The New Era of Bank-Independent Lender Partnerships

May 8, 2026

Stress, Strategy and the Bench: What the 17th Annual Kevin J. Carey Summit Revealed About the State of Credit and Restructuring

May 22, 2026

The Unit Economics of Deal Origination: How Spread Compression Is Reshaping Middle Market Lending Platforms

June 5, 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