debt
confidence high
sentiment positive
materiality 0.80
CommScope closes $4.15B refinancing; repays 2025 notes, expects leverage below 6x by 2026
Vistance Networks, Inc.
- Issued $1B of 9.500% senior secured notes due 2031 and $3.15B new term loan due 2029.
- Net proceeds used to fully repay $1.2746B of 6.000% senior notes due 2025 and existing term loan.
- OWN/DAS sale to Amphenol for $2.1B expected to close Q1 2025; proceeds will repay 2026 notes and partially redeem 2029 notes.
- ABL facility commitment reduced from $1B to $750M upon closing of OWN/DAS sale.
- Company expects pro forma total debt to Adjusted EBITDA ratio below 6.00x by end of 2026.