CommScope Announces Pricing Of Secondary Offering At $23.00 Per Share

(RTTNews) - CommScope Holding Company Inc. (COMM) has priced and upsized its secondary offering from 15 million to 17.50 million shares of its common stock, which are being sold to the public at $23.00 per share. All of the shares of common stock offered are being sold by an affiliate of The Carlyle Group.

The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares at the public offering price. CommScope said it will not receive any of the proceeds from the offering of shares by the selling stockholder.

J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are acting as lead book-running managers. Additional book-running managers are Barclays, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Jefferies LLC, Morgan Stanley & Co. LLC, RBC Capital Markets and Wells Fargo Securities. Co-Managers are Allen & Company LLC, Evercore, Raymond James, Mizuho Securities, SMBC Nikko and Drexel Hamilton.