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The difference came in the saleof 3.25 percent seniot subordinated notes. The company had originallgy intended tosell $200 millionm worth of those notes. It increased the offering of $250 milliomn before it priced Thursday. The companh also sold 9.1 million sharesz of common stockat $22 per share, raising $200 The stock closed at $22.1w per share Thursday, down from $25.03 the day CommScope estimates its net after paying underwriting and other costs, will be $433.8 million. The companyt will use $400 million to pay off existing debt. The remainderd will be used for generalcorporatd purposes, although the company notes that may includer paying off debt as well.
CommScope produces cabling systemsfor business-enterprise applications. It is the world’as largest manufacturer of coaxial cable. The companyh is based in Hickory.
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