CommScope to redeem $1.1 billion 8¼% notes on June 16 at 104.125

By Marisa Wong

Madison, Wis., May 16 - CommScope, Inc., a wholly owned subsidiary of CommScope Holding Co., Inc., issued a conditional redemption notice for its 8¼% senior notes due 2019 on Friday.

The issuer plans to redeem all of its $1.1 billion outstanding 8¼% notes on June 16, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be 104.125 plus accrued interest to the redemption date.

The redemption is conditioned on completion of CommScope's offering of $650 million 5% senior notes due 2021 and $650 million 5½% senior notes due 2024, proceeds of which will be used to redeem the 8¼% notes.

CommScope is a Hickory, N.C.-based provider of infrastructure services for communication networks.

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