AMERICAS DISTRESS DAILY: CommScope Inks Deal With Creditors

Telecommunications infrastructure firm CommScope Holding Co. reached a deal with a group of creditors led by Apollo Global Management and Monarch Alternative Capital to refinance $4.3 billion of debt coming due by 2026, the company said in a press release on Tuesday.

The company has commitments for a new $3.15 billion first-lien term loan and $1 billion in first-lien notes that will be used to repay around $1.3 billion of its unsecured bonds due next year and a $3 billion term loan B due in 2026, according to the statement. CommScope will also use the proceeds from a planned $2.1 ...