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CommScope to use IPO proceeds to redeem 8¼% notes due 2019
By Jennifer Chiou
New York, Aug. 2 - CommScope Holding Co., Inc. intends to use the proceeds from its up to $750 million initial public offering of stock to redeem some of its 8¼% notes due 2019, according to an S-1 filing with the Securities and Exchange Commission.
Proceeds will also be used for general corporate purposes.
CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.
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