CommScope Seeks To Raise $1.25B Via Institutional Senior Secured Notes For Debt Repayment

CommScope Holding Co Inc COMM subsidiary, CommScope, Inc, plans to offer $1.25 billion in senior secured notes due 2029 in an institutional offering.
The offering proceeds and cash on hand will help repay the outstanding 5.5% senior secured notes due 2024 and pay related fees, commissions, and expenses.
CommScope held $446.2 million in cash and equivalents as of Jun. 30.
CommScope's shares have gained 19.3% year-to-date.
Price action: COMM shares traded lower by 0.81% at $15.86 on the last check Wednesday.