CommScope Plans $1.5B Offering to Fund Carlyle Deal

In connection with its takeover by the Carlyle Group, communications cable maker CommScope said it plans to raise $1.5 billion in senior notes due in 2018. The money will be used to finance the buyout, and to pay for other fees and expenses related to the deal. In October, private equity giant Carlyle offered roughly $2.9 billion for the Hickory, North Carolina-based company.

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