CommScope Soars Over 23% After $4.15 Billion Debt Refinancing Deal: Details
CommScope Soars Over 23% After $4.15 Billion Debt Refinancing Deal: Details
This transaction addresses its 2025 and 2026 debt maturities, strengthening its financial position for future growth.CommScope Holding Company, Inc. (NASDAQ:COMM) shares are trading higher premarket today. On Tuesday, the company completed a comprehensive refinancing with its first-lien secured lenders.
CommScope控股公司（纳斯达克：COMM）今天盘前股价上涨。周二，该公司与其优先担保贷款人完成了一次全面的再融资。
As part of the refinancing, CommScope secured agreements with existing first-lien lenders, including Apollo and Monarch Alternative Capital.
作为再融资的一部分，CommScope与现有的优先贷款人达成了协议，包括阿波罗和君主另类资本。
The transaction includes a $3.15 billion first-lien term loan maturing in 2029 and $1 billion in first-lien notes maturing in 2031.
该交易包括一笔31.5亿元的优先贷款，贷款到期日为2029年，以及一笔10亿元的优先票据，贷款到期日为2031年。
This transaction addresses its 2025 and 2026 debt maturities, strengthening its financial position for future growth.
此次交易解决了其2025年和2026年的债务到期问题，加强了未来增长的财务状况。
Proceeds from this new debt will fully repay senior unsecured notes due in 2025 and the existing senior secured term loan facility.
新债务的收益将全额偿还2025年到期的高级无担保票据和现有的高级担保定期贷款。
Additionally, proceeds from the $2.1 billion sale of CommScope's Outdoor Wireless Networks segment and Distributed Antenna Systems business to Amphenol Corporation, expected to close in the first-quarter of 2025, will fully repay senior secured notes due in 2026 and partially redeem senior secured notes due in 2029.
此外，CommScope将其户外无线网络部门和分布式特斯拉-天线业务出售给安诺电子公司，预计将在2025年第一季度完成，所得款项将全额偿还2026年到期的高级担保票据，并部分赎回2029年到期的高级担保票据。
After applying net proceeds from the anticipated first-quarter 2025 sale of the OWN and DAS businesses, CommScope expects to meet the conditions for a rate reduction on its first-lien term loan.
在预计的2025年第一季度出售户外无线网络和特斯拉-天线业务的净收益应用后，CommScope预计将满足其优先贷款减息的条件。
The refinancing, combined with these proceeds and projected business performance, is expected to lower the company's total debt-to-adjusted EBITDA ratio to below 6.00x by the end of 2026.
再融资与这些收益和预期的业务表现结合，预计将使公司的总债务与调整后EBITDA比率在2026年底之前降至6.00倍以下。
Chuck Treadway, President and Chief Executive Officer of CommScope, said, "By successfully addressing our near-term maturities and greatly improving our pro forma leverage ratio, we move forward with the flexibility to focus on our core businesses and invest in the technology, products, and personnel to better deliver for our customers, and capitalize as the telecom industry recovers in the coming quarters."
CommScope的总裁兼首席执行官Chuck Treadway表示： “通过成功解决我们的近期到期债务，并大幅改善我们的经调整杠杆比率，我们将能以更大的灵活性推进，专注于我们的核心业务，投资于科技、产品和人员，以更好地为客户服务，并在未来几个季度把握电信行业复苏的机会。”
The company finished the third quarter with liquidity of more than $1.02 billion, including cash of $456 million.
该公司在第三季度结束时的流动资金超过10.2亿美金，其中现金为45600万美金。
Investors can gain exposure to the stock via Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) and Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:PRFZ).
投资者可以通过景顺Dorsey Wright科技动量可交易ETF（纳斯达克：PTF）和景顺FTSE RAFI美国1500中小型可交易ETF（纳斯达克：PRFZ）获得对该股票的敞口。
Price Action: COMM shares are up 23% at $6.90 premarket at the last check Wednesday.
价格动态：在周三最后一次检查时，COMm的股票在盘前交易中上涨了23%，报6.90美金。
Read Next:
下一步阅读：
- Jabil Q1 Earnings: Revenue And EPS Beat, Cloud and Data Center Growth, Raises Annual Outlook
- 捷普科技第一季度财报：营业收入和每股收益超预期，云计算和IDC概念增长，提高年度展望
Image via Shutterstock.
图片由shutterstock提供。