Carlyle Group To Sell 20 Mln CommScope Shares

(RTTNews) - CommScope Holding Company Inc. (COMM) announced the sale of 20 million shares of its common stock on an underwritten basis by an affiliate of The Carlyle Group. In addition, the underwriter will have an option to purchase up to 3 million additional shares from Carlyle.

CommScope said it will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about March 9, 2015, subject to customary closing conditions.

Goldman, Sachs & Co. is acting as the sole underwriter for the offering. Goldman, Sachs & Co. proposes to offer the shares of common stock to the public at a fixed price, which may be changed at any time without notice.

Following the offering, Carlyle will continue to beneficially own 81.22 million shares, or about 43%, of CommScope's outstanding common stock after giving effect to the offering (or 78.22 million shares, or approximately 42%, if the underwriter fully exercises its option to purchase additional shares).