CommScope Shuffles Capital Between Units, Puzzling Lenders

Lenders to struggling telecommunications infrastructure provider CommScope were left scratching their heads after the firm disclosed that its parent company contributed around $2 billion of equity to a debt-issuing unit, according to people with knowledge of the matter.

A brief notice provided to at least some lenders showed that CommScope Holding Co. made 10 contributions to its CommScope LLC unit. The payments ranged from $43 million to $276 million and were made between Dec. 26 and Jan. 9, said the people, who asked not to be identified discussing a private matter.

The disclosure didn’t explain why the holding company made ...