CommScope obtains $100 million revolver

By Sara Rosenberg

New York, Jan. 13 - CommScope Inc. closed on a new $100 million 31/2-year senior secured revolver. Initially, the company will have availability of approximately $67 million, none of which was drawn at closing. Wachovia acted as the agent and arranger for this deal.

Security for the facility is basically all company assets, according to a news release.

The revolver will be used for working capital needs and other general corporate purposes.

At closing, no borrowings were drawn under the new loan.

Furthermore, the company announced that it repaid a $10.4 million eurodollar loan.

CommScope is a Hickory, N.C. manufacturer of broadband coaxial cable and a supplier of high-performance fiber optic and twisted pair cables.

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