New Issue-CommScope sells $1.5 bln in 8-year notes

Tue Jan 11, 2011 2:41pm EST

 Jan 11 (Reuters) - Cedar I Merger Sub Inc, to be merged
with and into CommScope Inc CTV.N, on Tuesday sold $1.5
billion of senior notes in the 144a private placement market,
said a market source.
 JP Morgan was the sole bookrunning manager for the sale.
BORROWER: COMMSCOPE INC
AMT $1.5 BLN      COUPON 8.25 PCT     MATURITY 1/15/2019 
TYPE SR NTS       ISS PRICE 100.00    FIRST PAY 7/15/2011
MOODY'S B3        YIELD 8.25 PCT      SETTLEMENT 1/14/2011
S&P SINGLE-B      SPREAD 529 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
* MAKE-WHOLE CALL 50 BPS

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