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New Issue-CommScope sells $1.5 bln in 8-year notes
January 11, 2011 / 7:42 PM / 7 years ago

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

 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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