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Symbol COMM
Name CommScope Holding Company, Inc.
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Communications Equipment
Market NASDAQ Global Select
Country United States
State NC
City Hickory
Zipcode 28602
Website http://www.commscope.com
A group of creditors, including Apollo Global Management Inc. and Monarch Alternative Capital, has initiated confidential discussions with CommScope Holding Co. regarding a potential extension of debt maturities. These talks are conducted under nondisclosure agreements, allowing for the exchange of private information.
CommScope Holding Co. has failed to secure a debt agreement with a group of creditors, leading to a 47% drop in its shares during premarket trading. The telecommunications infrastructure company is exploring refinancing options for its bonds maturing within the next two years and is engaged in discussions with other creditors to address its financial challenges.
Amphenol Corp. is set to issue investment-grade bonds to finance its acquisition of CommScope Holding Co.'s outdoor wireless networks and distributed antenna systems. The bond offering will consist of three parts, with the 30-year bond potentially yielding about 1.25 percentage points above comparable Treasuries.

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