CommScope Holding company, Inc. (NASDAQ: COMM) said it has begun an offering to sell 15,000,000 shares of its common stock by an affiliate of The Carlyle Group.
The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of CommScope´s common stock. CommScope will not receive any of the proceeds from the offering of shares by the selling stockholder.
J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are lead book-running managers for the proposed secondary offering. Additional book-running managers are Barclays, Credit Suisse Securities (USA) LLC, Goldman, Sachs and Co., Jefferies LLC, Morgan Stanley and Co. LLC, RBC Capital Markets and Wells Fargo Securities. Co-Managers are Allen and company LLC, Evercore, Raymond James, Mizuho Securities, SMBC Nikko and Drexel Hamilton.