debt
confidence high
sentiment negative
materiality 0.70
CommScope discloses debt refinancing proposals with ad hoc creditors; talks halted
Vistance Networks, Inc.
- Proposed new 2L notes at 10.5% cash interest, maturity Sept 2029, to exchange for 2025 notes.
- Proposed new 1L term loan at S+4.00%, maturity April 2029, 75 bps increase from current.
- Proposed new 1L notes at 8.5% interest, maturity March 2029, 250 bps increase from current.
- No agreement reached; negotiations not continuing; company pursuing other deleveraging alternatives.
- Company remains in active discussions with other creditors on refinancing 2025 and 2026 maturities.