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CommScope to redeem $400 million 8¼% notes using IPO proceeds
By Tali David
Minneapolis, Nov. 7 - CommScope Holding Co., Inc. plans to redeem $400 million of its 8¼% senior notes due 2019 with the proceeds from its $433 million initial public offering of common stock, according to a 10-Q filed with the Securities and Exchange Commission.
Proceeds will also be used to pay a redemption premium and accrued interest during the fourth quarter of 2013.
CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.
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