Pancreatitis causes a release of pancreatic enzymes into circulation. The enzymes damage the walls of blood vessels causing interstitial leakage, allowing more of their kind to begin to wreak extravascular havoc. Among many others, fat cells are damaged.
The enzymatic cocktail contains lipase. Lipase normally digests triglycerides to free fatty acids beginning in the duodenum to facilitate micelle formation and fatty acid absorption. In the extravascular environment, damaged fat cells provide the trigs. These free fatty acids have an exposed carboxyl group. In their basic form there is a -1 charge shared between the two oxygens. Ca (+2) likes this and will bind it. In this way, the level of hypocalcemia can aid in determining the extent of the enzymatic damage and/or level of pancreatitis.