CommScope Holding Company, Inc. (NASDAQ: 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 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 and is offering the shares of common stock to the public at a price of $30.75 per share.
Following the offering, Carlyle will continue to beneficially own 81,216,970 shares, or approximately 43%, of CommScope’s outstanding common stock, after giving effect to the offering, or 78,216,970 shares, or approximately 42%, if the underwriter fully exercises its option to purchase additional shares.
"The offering of the shares of common stock is only being made by means of a written prospectus," advised a CommScope press release. "Before you invest, you should read the prospectus in that registration statement and other documents CommScope has filed with the SEC for more complete information about CommScope and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Goldman, Sachs & Co. will arrange to send you the prospectus if you request it by writing Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282; by telephone: 866-471-2526; by facsimile: 212-902-9316; or by e-mail: [email protected]."
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