Vistance Networks, Inc. (VISN): M&A transaction — CommScope closes $2.1B sale of OWN and DAS businesses to Amphenol; repays debt

Vistance Networks, Inc.

Cash consideration of ~$2.1B; proceeds used to repay $1.5B of 6.000% Senior Secured Notes due 2026 and $299M of 4.750% Senior Secured Notes due 2029.
ABL facility repaid in full; committed amount reduced to $750M; 25 bps margin reduction expected on Senior Secured Term Loan.
Pro forma balance sheet shows cash of $695.6M and long-term debt reduced to $6.175B as of September 30, 2024.
Pro forma FY2023 net sales from continuing operations would have been $4.565B vs. reported $5.789B, reflecting the divestiture.
Transition services agreement with Amphenol provides up to 36 months of post-closing services; estimated TSA income of $35M for FY2023.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Vistance Networks, Inc. completed a disposition involving Amphenol Corporation for approximately $2.1 billion in cash (closed 2025-01-31).

Action: disposition
Counterparty: Amphenol Corporation
Consideration: approximately $2.1 billion in cash
Closing: 2025-01-31

Exact text from the filing

as of July 18, 2024. Pursuant to the Purchase Agreement, Amphenol acquired the OWN Business and the DAS Business on a cash-free, debt-free basis, in exchange for approximately $2.1 billion in cash, subject to certain adjustments. The proceeds from the sale of the OWN Business and the DAS Business will be used to pay fees and expenses associated with the

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Vistance Networks, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-014354

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