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CommScope bought back $13.4 million senior PIK toggle notes in Q4
New York, Feb. 19 – CommScope Holding Co., Inc. repurchased $13.4 million of its 6 5/8%/7 3/8% senior PIK toggle notes due June 1, 2020 during December, according to a 10-K filing with the Securities and Exchange Commission.
It paid a $0.3 million premium for the transaction.
Following the buyback, the company had $536.6 million of the original $550 million of the notes outstanding as of Dec. 31.
CommScope also made a voluntary repayment of $100 million of its term loan due 2018 during the fourth quarter, according to the 10-K.
As of Dec. 31, it had $261.9 million outstanding under the 2018 term loan.
CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.
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