M&A
confidence high
sentiment neutral
materiality 0.80
CommScope completes $2.1B sale of OWN and DAS businesses to Amphenol; provides pro forma financials
Vistance Networks, Inc.
- Sale of Outdoor Wireless Networks and DAS business closed Jan 31, 2025 for $2.1B cash on cash-free, debt-free basis.
- Pro forma balance sheet shows cash $695.6M, long-term debt reduced to $6.17B from $7.97B after debt repayments.
- Proceeds used to repay $1.5B of 6.000% Senior Secured Notes due 2026 and $299M of 4.750% Notes; $250M ABL facility also repaid.
- Pro forma net loss from continuing ops improved: 9mo Sep 2024 -$385.1M vs historical -$446.5M; includes TSA income of $3.1M.
- Transition services agreement with Amphenol provides up to 36 months of post-closing services, estimated $35M annual income.