CommScope to partially redeem its 6% senior notes due 2025

By Taylor Fox

New York, Aug. 11 – CommScope Technologies LLC, a wholly owned subsidiary of CommScope Holding Co., Inc., plans to redeem $100 million of its $1.5 billion 6% senior notes due 2025 on Aug. 21, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be $1,030 per $1,000 note plus accrued interest to but excluding the redemption date.

Following the redemption, $1.4 billion of the notes will remain outstanding.

The redemption is conditioned on the satisfaction of some conditions, including, without limitation, CommScope’s board of directors not having resolved that the redemption is no longer advisable and in the best interests of the company.

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

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