CommScope’s two creditor groups weigh potential allegiance after announcement of asset sale
- Max Frumes
- +Kartikeya Dar
- + 1 more
CommScope is set to engage with two creditor groups — one secured-weighted and one unsecured-weighted — to potentially strike a deleveraging liability management deal following the announced asset sales on Thursday that could bring in nearly $2.1bn in cash, according to sources.
The announcement sparked a rally in the company’s debt.