CommScope Plans $1.5B Offering to Fund Carlyle Deal

In connection with its takeover by the Carlyle Group, communications cable maker CommScope said it plans to raise $1.5 billion in senior notes due in 2018. The money will be used to finance the buyout, and to pay for other fees and expenses related to the deal. In October, private equity giant Carlyle offered roughly $2.9 billion for the Hickory, North Carolina-based company.

PRESS RELEASE

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 proposed merger.

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.