{"id":807717,"date":"2025-02-03T08:04:39","date_gmt":"2025-02-03T13:04:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-completes-divestiture-of-outdoor-wireless-networks-and-distributed-antenna-systems-businesses-to-amphenol-corporation\/"},"modified":"2025-02-03T08:04:39","modified_gmt":"2025-02-03T13:04:39","slug":"commscope-completes-divestiture-of-outdoor-wireless-networks-and-distributed-antenna-systems-businesses-to-amphenol-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-completes-divestiture-of-outdoor-wireless-networks-and-distributed-antenna-systems-businesses-to-amphenol-corporation\/","title":{"rendered":"CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation"},"content":{"rendered":"

<\/p>\n

CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation<\/b><\/p>\n

CLAREMONT, N.C.–(BUSINESS WIRE<\/a>)–CommScope<\/a> (NASDAQ: COMM), a global leader in network connectivity, announced today the closing of the transaction to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business to Amphenol Corporation (NYSE: APH).<\/p>\n

\nThe Company previously announced the signing of a definitive agreement for the transaction on July 18, 2024.<\/p>\n

\nThe proceeds from the sale will be used to pay fees and expenses associated with the transaction and to repay all outstanding amounts under the Company\u2019s asset-backed revolving credit facility, to repay in part the Company\u2019s 4.750% Senior Secured Notes due 2029 and to repay in full the Company\u2019s 6.000% Senior Secured Notes due 2026. In connection with the repayment of all outstanding amounts under the Company’s asset-backed revolving credit facility, the committed amount thereunder will be reduced to $750.0 million, subject to borrowing base limitations. Following these actions it is expected that applicable margin on the Company\u2019s Senior Secured Term Loan will be reduced by 25 basis points.<\/p>\n

\nThe Company will provide additional information about the transaction\u2019s impact on its fiscal year 2025 outlook during the next quarterly earnings call.<\/p>\n

CommScope and the CommScope logo are registered trademarks of CommScope and\/or its affiliates in the U.S. and other countries. For additional trademark information see <\/i>https:\/\/www.commscope.com\/trademarks<\/i><\/a>. All other product names, trademarks and registered trademarks are property of their respective owners.<\/i><\/p>\n

About CommScope<\/b><\/p>\n

\nCommScope (NASDAQ: COMM) is pushing the boundaries of technology to create the world\u2019s most advanced wired and wireless networks. Our global team of employees, innovators and technologists empower customers to anticipate what\u2019s next and invent what\u2019s possible. Discover more at www.commscope.com<\/a>.<\/p>\n

\nFollow us on Twitter<\/a> and LinkedIn<\/a>. Sign up for our press releases<\/a> and blog posts<\/a>.<\/p>\n

This press release includes forward-looking statements that are based on information currently available to management, management\u2019s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.<\/i><\/p>\n

Source: CommScope<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250203737791\/en\/<\/a><\/span><\/p>\n

News Media Contact
\n<\/b>
Luke Hamer, CommScope
\n
Luke.Hamer@commscope.com<\/a><\/p>\n

Financial Contact
\n<\/b>
Massimo Disabato, CommScope
\n
Massimo.Disabato@commscope.com<\/a><\/p>\n

KEYWORDS:<\/b> North Carolina United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Telecommunications Networks Internet Hardware Data Management Technology Carriers and Services Mobile\/Wireless<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation CLAREMONT, N.C.–(BUSINESS WIRE)–CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today the closing of the transaction to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business to Amphenol Corporation (NYSE: APH). The Company previously announced the signing of a definitive agreement for the transaction on July 18, 2024. The proceeds from the sale will be used to pay fees and expenses associated with the transaction and to repay all outstanding amounts under the Company\u2019s asset-backed revolving credit facility, to repay in part the Company\u2019s 4.750% Senior Secured Notes due 2029 and to repay in full the Company\u2019s 6.000% Senior … <\/p>\n

Continue reading “CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-807717","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/commscope-completes-divestiture-of-outdoor-wireless-networks-and-distributed-antenna-systems-businesses-to-amphenol-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CommScope Completes Divestiture of Outdoor Wireless Networks and Distributed Antenna Systems Businesses to Amphenol Corporation CLAREMONT, N.C.–(BUSINESS WIRE)–CommScope (NASDAQ: COMM), a global leader in network connectivity, announced today the closing of the transaction to sell its Outdoor Wireless Networks (OWN) segment and Distributed Antenna Systems (DAS) business to Amphenol Corporation (NYSE: APH). 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