CommScope announced on January 31, 2025, the successful closing of the transaction to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business unit to Amphenol Corporation.
The proceeds from this sale are being strategically utilized to pay transaction-related fees and expenses. They are also being used to repay all outstanding amounts under the company’s asset-backed revolving credit facility.
Furthermore, the proceeds will repay in part the company’s 4.750% Senior Secured Notes due 2029 and repay in full the 6.000% Senior Secured Notes due 2026. Following these actions, the committed amount under the asset-backed revolving credit facility will be reduced to $750.0 million, and the applicable margin on the Senior Secured Term Loan is expected to decrease by 25 basis points.
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