CommScope Announces Sale Of 10 Mln Shares Of Stock By Carlyle Group

(RTTNews) - CommScope Holding Company, Inc. (COMM) announced the sale of 10 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 1.50 million additional shares from Carlyle. CommScope 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 September 26, 2016, subject to customary closing conditions.

Following the offering, Carlyle will continue to beneficially own 19,716,970 shares, or approximately 10.2%, of CommScope's outstanding common stock after giving effect to the offering or 18,216,970 shares, or approximately 9.5%, if the underwriter fully exercises its option to purchase additional shares.