M&A - CommScope Holding Company, Inc.

Form Type: DEF 14A

Filing Date: 2025-03-24

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025043853

Filing Summary: CommScope Holding Company, Inc. reported significant progress in 2024, overcoming challenging market conditions to strengthen business segments and strategically position for growth in 2025. Key initiatives included the CommScope NEXT program, focusing on cost management and fostering innovation in emerging technologies like GenAI and fiber networks. Despite a 5% decrease in net sales ($5.47 billion), the company achieved a notable 10% increase in Adjusted EBITDA, reaching $1,095.1 million. A pivotal development included the sale of the Outdoor Wireless Networks and Distributed Antenna Systems segments to Amphenol for $2.1 billion, enhancing its financial stability and refinancing terms. The upcoming 2025 Annual Meeting on May 8, 2025, will include director elections and an advisory vote on executive compensation among other key proposals. CommScope's future outlook emphasizes continued investment in data center infrastructure, aiming to leverage growing cloud and AI markets to deliver shareholder value.

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Form Type: 8-K

Filing Date: 2025-02-05

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025014354

Filing Summary: On January 31, 2025, CommScope Holding Company, Inc. completed the sale of its Outdoor Wireless Networks business segment and the Distributed Antenna Systems business unit to Amphenol Corporation for approximately $2.1 billion in cash. This transaction is part of a Purchase Agreement dated July 18, 2024. The proceeds from the sale will be utilized for fee payments and to address debt repayment obligations, including amounts owed under the Company's revolving credit facility and senior secured notes. Following this transaction, the revolving credit facility will be reduced to $750 million, and there may be a reduction in the margin on the Company’s Senior Secured Term Loan.

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