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（納斯達克：COMM）今天盤前股價上漲。週二，該公司與其優先擔保貸款人完成了一次全面的再融資。
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，CommScope與現有的優先貸款人達成了協議，包括阿波羅和君主另類資本。
The transaction includes a $3.15 billion first-lien term loan maturing in 2029 and $1 billion in first-lien notes maturing in 2031.
該交易包括一筆31.5億元的優先貸款，貸款到期日爲2029年，以及一筆10億元的優先票據，貸款到期日爲2031年。
This transaction addresses its 2025 and 2026 debt maturities, strengthening its financial position for future growth.
此次交易解決了其2025年和2026年的債務到期問題，加強了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.
新債務的收益將全額償還2025年到期的高級無擔保票據和現有的高級擔保定期貸款。
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將其戶外無線網絡部門和分佈式特斯拉-天線業務出售給安諾電子公司，預計將在2025年第一季度完成，所得款項將全額償還2026年到期的高級擔保票據，並部分贖回2029年到期的高級擔保票據。
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.
在預計的2025年第一季度出售戶外無線網絡和特斯拉-天線業務的淨收益應用後，CommScope預計將滿足其優先貸款減息的條件。
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.
再融資與這些收益和預期的業務表現結合，預計將使公司的總債務與調整後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的總裁兼首席執行官Chuck Treadway表示： 「通過成功解決我們的近期到期債務，並大幅改善我們的經調整槓桿比率，我們將能以更大的靈活性推進，專注於我們的核心業務，投資於科技、產品和人員，以更好地爲客戶服務，並在未來幾個季度把握電信行業復甦的機會。」
The company finished the third quarter with liquidity of more than $1.02 billion, including cash of $456 million.
該公司在第三季度結束時的流動資金超過10.2億美金，其中現金爲45600萬美金。
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).
投資者可以通過景順Dorsey Wright科技動量可交易ETF（納斯達克：PTF）和景順FTSE RAFI美國1500中小型可交易ETF（納斯達克：PRFZ）獲得對該股票的敞口。
Price Action: COMM shares are up 23% at $6.90 premarket at the last check Wednesday.
價格動態：在週三最後一次檢查時，COMm的股票在盤前交易中上漲了23%，報6.90美金。
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Image via Shutterstock.
圖片由shutterstock提供。
譯文內容由第三人軟體翻譯。
