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CommScope pays down $100 million of term loan borrowings in Q4
New York, Feb. 19 – CommScope Holding Co., Inc. made a $100 million voluntary repayment of its term loan due 2018 during the fourth quarter, according to a 10-K filing with the Securities and Exchange Commission.
Following the paydown, the company had $261.9 million outstanding under the 2018 term loan as of Dec. 31.
CommScope also has a term loan due 2022 with $1.25 billion outstanding.
JPMorgan Chase Bank, NA is the administrative agent for both loans.
The company also disclosed in the 10-K that it repurchased $13.4 million of its 6 5/8%/7 3/8% senior PIK toggle notes due June 1, 2020 during December, paying a $0.3 million premium.
Following the buyback, the company had $536.6 million of the original $550 million of the notes outstanding as of Dec. 31.
CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.
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