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.
康普控股公司（納斯達克股票代碼：COMM）今天盤前股價走高。週二，該公司完成了與第一留置權擔保貸款機構的全面再融資。
As part of the refinancing, CommScope secured agreements with existing first-lien lenders, including Apollo and Monarch Alternative Capital.
作爲再融資的一部分，康普與包括阿波羅和Monarch Alternative Capital在內的現有第一留置權貸款機構簽訂了協議。
The transaction includes a $3.15 billion first-lien term loan maturing in 2029 and $1 billion in first-lien notes maturing in 2031.
該交易包括將於2029年到期的31.5億美元第一留置權定期貸款和將於2031年到期的10億美元第一留置權票據。
This transaction addresses its 2025 and 2026 debt maturities, strengthening its financial position for future growth.
該交易解決了其2025年和2026年的債務到期日，鞏固了其未來增長的財務狀況。
Proceeds from this new debt will fully repay senior unsecured notes due in 2025 and the existing senior secured term loan facility.
這筆新債務的收益將全額償還2025年到期的優先無抵押票據和現有的優先有擔保定期貸款額度。
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，預計將於2025年第一季度完成向安費諾公司出售康普室外無線網絡部門和分佈式天線系統業務的21億美元所得收益將全額償還2026年到期的優先有擔保票據，並部分贖回2029年到期的優先有擔保票據。
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.
在使用預期的2025年第一季度出售OWN和DAS業務的淨收益後，康普預計將滿足其第一留置權定期貸款減息的條件。
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.
再融資，加上這些收益和預計的業務業績，預計將在2026年底之前將公司的總債務與調整後的息稅折舊攤銷前利潤比率降至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."
康普總裁兼首席執行官查克·特雷德威表示：「通過成功解決近期到期日問題並大幅提高預計槓桿率，我們可以靈活地向前邁進，專注於核心業務，投資技術、產品和人員，以更好地爲客戶提供服務，並在未來幾個季度電信行業復甦時實現資本化。」
The company finished the third quarter with liquidity of more than $1.02 billion, including cash of $456 million.
該公司第三季度末的流動性超過10.2億美元，其中包括4.56億美元的現金。
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).
投資者可以通過景順多爾西賴特科技動量ETF（納斯達克股票代碼：PTF）和景順富時RAFI美國1500中小型ETF（納斯達克股票代碼：PRFZ）獲得股票敞口。
Price Action: COMM shares are up 23% at $6.90 premarket at the last check Wednesday.
價格走勢：在週三的最後一次檢查中，ComM股價上漲了23％，至盤前6.90美元。
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Image via Shutterstock.
圖片來自 Shutterstock。
