CommScope Holding Co. has faced significant difficulties in its attempts to negotiate a debt agreement with a group of creditors, resulting in a sharp decline in its stock price.

The telecommunications infrastructure company reported earnings that fell short of expectations, causing shares to drop by up to 47% in premarket trading in New York. CommScope has been in talks with a group of bondholders regarding its debt obligations maturing within the next two years. The company is actively seeking alternative solutions to manage upcoming maturities and reduce leverage, while also maintaining ongoing discussions with other creditors outside of the ad hoc group.

Furthermore, CommScope is exploring options for a more comprehensive refinancing strategy extending to 2029. The company is looking to address its financial challenges and improve its overall financial position. It is crucial for CommScope to find a viable solution to its debt situation in order to stabilize its stock price and ensure long-term success.