Moody’s rates CommScope notes B2, Ba2; loan Ba2

Moody's Investors Service said it assigned a B2 rating to the proposed senior unsecured note offering by CommScope Technologies LLC and Ba2 ratings to the proposed incremental term loan B and senior secured note issuances of CommScope, Inc.

CommScope Holding Co., Inc.'s B1 corporate family and B1-PD probability of default ratings were affirmed.

The outlook remains positive.

Proceeds from the issuances are being used to fund the acquisition of TE Connectivity Ltd.'s broadband network solutions business, as well as repay a portion of the existing first-lien term loan facility.

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