Cahill Represents Debt Financing Sources for CommScope, Inc.
Date: 04/04/19
Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,000,000,000 aggregate principal amount of 8.25% senior notes due 2027, $1,250,000,000 aggregate principal amount of 5.50% first lien senior secured notes due 2024 and $1,500,000,000 aggregate principal amount of 6.00% first lien senior secured notes due 2026 by CommScope Finance LLC, which was merged with and into CommScope, Inc., a multi-national network infrastructure provider company. Cahill also represented the lead arrangers in connection with a $3,200,000,000 first lien term loan facility and a $1,000,000,000 asset based revolving credit facility for CommScope, Inc. Proceeds from the offerings and the senior secured credit facilities were used for the previously announced acquisition of ARRIS International plc., the refinancing of existing indebtedness of CommScope, Inc. and Arris International plc. and for general corporate purposes (including the payment of transaction fees and expenses).