{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-071120","form_type":"8-K","ticker":null,"cik":"0000730255","company_name":"CalAmp Corp.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.851136+00:00","generated_at":"2026-06-07T11:32:45.900860+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CalAmp closes $45M term loan, lowers Q3 FY24 revenue guidance to $51-53M","bullets":["Borrowed $45M from Lynrock Lake at SOFR+6.75%, matures Dec 2027; proceeds for general corporate purposes.","Amended Convertible Notes due 2025 to add equal-security interest (pari passu with term loan).","Now expects Q3 FY24 revenue $51-53M, cash ~$38M; cited headwinds in TSP segment and cost reduction initiatives.","Cost Reduction Program and strategic realignment announced to reduce breakeven point.","Q3 FY24 results to be announced in early January."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-071120","json":"https://secwatch.observer/filing/0000950170-23-071120.json","markdown":"https://secwatch.observer/filing/0000950170-23-071120.md","text":"https://secwatch.observer/filing/0000950170-23-071120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/0000950170-23-071120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/camp-20231215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:32:45.900860+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"10f884ec12d79e83b4b4ae6951b46287f272e4e5","claim":"CalAmp Corp. incurred term loan of $45,000,000 with Lynrock Lake Master Fund LP at secured overnight financing rate (SOFR) plus 6.75% maturing December 15, 2027.","evidence_excerpt":"the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with Lynrock Lake Master Fund LP (“Lynrock” or “Lender”) under which the Borrowers have borrowed $45,000,000 (the “Term Loan”). Amounts owing under the Credit Agreement are guaranteed by the Borrowers and certain existing and future subsidiaries of the Company, and will be secured by","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/0000950170-23-071120-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$45,000,000"},{"label":"Counterparty","value":"Lynrock Lake Master Fund LP"},{"label":"Rate","value":"secured overnight financing rate (SOFR) plus 6.75%"},{"label":"Maturity","value":"December 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a6c8fd6d03f7b8d01b0786812c62b23257e9cee8","claim":"CalAmp Corp. amended convertible notes with Lynrock Lake Master Fund LP.","evidence_excerpt":"in favor of the holders of the Convertible Notes. The Convertible Notes will rank pari passu, or equal in right of payment, with the Term Loan.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/0000950170-23-071120-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Counterparty","value":"Lynrock Lake Master Fund LP"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d4058e817911d60c7011a82ee87ee4d44940048f","claim":"CalAmp Corp. updated its FY24 Q3 guidance (reaffirmed).","evidence_excerpt":"The Company issued a press release on December 18, 2023, updating its expectations with respect to financial results for FY24 Q3","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/0000950170-23-071120-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY24 Q3"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"9c4de8092c55ba299dbca033daf5f661dfc03b9c","claim":"CalAmp Corp. entered into Credit Agreement with Lynrock Lake Master Fund LP valued at $45,000,000 (effective 2023-12-15).","evidence_excerpt":"On December 15, 2023, CalAmp Corp. (the “Company”) and two of its domestic subsidiaries, CalAmp Wireless Networks Corporation and Synovia Solutions LLC (together with the Company, the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with Lynrock Lake Master Fund LP (“Lynrock” or “Lender”) under which the Borrowers have borrowed $45,000,000 (the “Term Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/730255/000095017023071120/0000950170-23-071120-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lynrock Lake Master Fund LP"},{"label":"Value","value":"$45,000,000"},{"label":"Effective","value":"2023-12-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}