US20337X1090 - Common Stock
Wondering what's happening in today's after-hours session? Stay tuned for the latest updates on stock movements.
Telecommunications infrastructure firm CommScope Holding Co. reached a deal with a group of creditors led by Apollo Global Management and Monarch Alternative Capital to refinance $4.3 billion of debt coming due by 2026, the company said in a press release on Tuesday.
Some CommScope Holding Co. creditors have entered into confidential talks with the telecommunications infrastructure firm on a potential extension of debt maturities, according to people familiar with the situation.
CommScope Holding Co. has failed to reach an agreement with a group of its creditors as it continues to talk with other investors to refinance its bonds. Shares dropped as much as 47% in premarket trading in New York after the telecommunications infrastructure company missed estimates.
Amphenol Corp., a maker of equipment including cable, sensors and antennas, is planning to sell investment-grade bonds Monday to help pay for the company’s acquisition of CommScope Holding Co.’s outdoor wireless networks and distributed antenna systems.