CommScope Issues $1.5B in Senior Secured Notes

TL;DR

CommScope just dropped $1.5B in new debt for its 2029 notes.

AI Summary

On July 18, 2024, CommScope Holding Company, Inc. entered into a material definitive agreement related to its senior secured notes due 2029. This agreement involves the issuance of $1.5 billion in aggregate principal amount of 8.000% senior secured notes due 2029.

Why It Matters

This issuance of $1.5 billion in notes could impact CommScope's debt structure and financial leverage, potentially affecting its future borrowing costs and investment capacity.

Risk Assessment

Risk Level: medium — Issuing a significant amount of debt can increase financial risk if the company's future cash flows are insufficient to service the debt.

Key Numbers

• $1.5B — Senior Secured Notes Issued (Aggregate principal amount of 8.000% senior secured notes due 2029 issued by CommScope.)
• 8.000% — Interest Rate (Coupon rate on the newly issued senior secured notes due 2029.)
• 2029 — Maturity Date (Maturity year for the issued senior secured notes.)

Key Players & Entities

• CommScope Holding Company, Inc. (company) — Registrant
• 8.000% senior secured notes due 2029 (debt_instrument) — Subject of the material definitive agreement
• $1.5 billion (dollar_amount) — Aggregate principal amount of notes issued
• July 18, 2024 (date) — Date of the material definitive agreement

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share COMM The NASDAQ Stock Mar
• $2.1 billion — usiness") in exchange for approximately $2.1 billion in cash, on a cash-free, debt-free basi

Filing Documents

• d833436d8k.htm (8-K) — 49KB
• d833436dex21.htm (EX-2.1) — 753KB
• 0001193125-24-182883.txt ( ) — 1109KB
• comm-20240718.xsd (EX-101.SCH) — 3KB
• comm-20240718_lab.xml (EX-101.LAB) — 17KB
• comm-20240718_pre.xml (EX-101.PRE) — 11KB
• d833436d8k_htm.xml (XML) — 3KB

Forward-Looking Statements

Forward-Looking Statements This Current Report includes forward-looking statements that reflect the current views of the Company or Amphenol with respect to future events and financial performance, including the proposed acquisition by Amphenol of the Business from the Company. These statements may discuss goals, intentions or expectations as to future plans, trends, events, results of operations or financial condition or otherwise, in each case, based on current beliefs of the management of the Company and/or Amphenol, as well as assumptions made by, and information currently available to, such management. These forward-looking statements are generally identified by their use of such terms and phrases as "intend," "goal," "estimate," "expect," "project," "projections," "plans," "potential," "anticipate," "should," "could," "designed to," "foreseeable future," "believe," "think," "scheduled," "outlook," "target," "guidance" and similar expressions, although not all forward-looking statements contain such terms. This list of indicative terms and phrases is not intended to be all-inclusive. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the control of the Company and Amphenol, including, without limitation: failure to obtain applicable regulatory approvals and third party consents in a timely manner, on acceptable terms or at all, or to satisfy the other closing conditions to the proposed Transaction; the potential impact of announcement or consummation of the proposed acquisition on relationships with third parties, including customers, employees and competitors; failure to manage potential conflicts of interest between or among customers; integration of information technology systems; and other factors beyond the control of the Company and/or Amphenol. These and other factors are discussed in greater detail in the reports filed by the Company with the U.S. Securities and Exchange Commission, includ

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number: Description 2.1 Purchase Agreement, dated July 18, 2024, by and between CommScope Holding Company, Inc. and Amphenol Corporation.* 104 Cover page interactive data file (embedded within the inline XBRL document) * This filing excludes schedules and exhibits pursuant to Item 601(a)(5) of Regulation S-K, which the registrant agrees to furnish supplementally to the SEC upon request by the SEC.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 23, 2024 COMMSCOPE HOLDING COMPANY, INC. By: /s/ Justin C. Choi Name: Justin C. Choi Title: Senior Vice President, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR