CommScope seeks $1.24 billion term loan B at Libor plus 250-275 bps

By Sara Rosenberg

New York, Oct. 13 – CommScope Inc. launched earlier this week a $1,238,000,000 term loan B due October 2022 at talk of Libor plus 250 basis points to 275 bps with a 0.75% Libor floor and an original issue discount of 99.75, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance an existing loan.

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

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