CommScope, Inc. (NYSE: CTV), a global leader in infrastructure solutions
for communications networks, today announced that, in connection with
its proposed merger with an affiliate of The Carlyle Group, it intends
to offer in a private placement $1.5 billion in aggregate principal
amount of Senior Notes due 2018. The senior notes offering is part of
the financing for, and is conditioned upon, the consummation of the
The net proceeds from the senior notes offering are intended to be used
to finance in part the cash consideration to be paid in the proposed
merger, and to pay for certain fees, expenses and other purposes related
to the proposed merger.
The notes being offered in the senior notes offering will not be
registered under the Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
The Notes are being offered only to qualified institutional buyers under
Rule 144A and outside the United States in compliance with Regulation S
under the Securities Act.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security. No offer, solicitation or
sale will be made in any jurisdiction in which such an offer,
solicitation, or sale would be unlawful.
Forward Looking Statements
This press release contains statements regarding beliefs and
expectations of the outcome of future events that are forward-looking
statements as defined within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from the statements made. CommScope, Inc. takes no
responsibility for updating the information contained in this press
release following the date hereof to reflect events or circumstances
occurring after the date hereof or the occurrence of unanticipated