CommScope to sell $2 billion notes in secured and unsecured tranches

By Paul A. Harris

Portland, Ore., May 20 – CommScope Holding Co., Inc. announced in an 8-K document filed on Wednesday with the Securities and Exchange Commission that it plans to place $2 billion of notes in a Rule 144A and Regulation S transaction.

The deal is coming in secured and unsecured tranches via two wholly owned subsidiaries.

CommScope, Inc. plans to sell $500 million of senior secured notes due 2020. Proceeds, along with cash on hand, will be used to repay a portion of the company’s existing term loan.

CommScope Technologies Finance LLC plans to sell $1.5 billion of senior unsecured notes due 2025. Proceeds from the unsecured notes, along with proceeds from a concurrent $1.25 billion term loan, will be used to fund the acquisition of the Broadband Network Solutions business of TE Connectivity, Ltd.

CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.

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