CommScope Holding Company, Inc. (NASDAQ: COMM) said it has priced and upsized its secondary offering from 15,000,000 to 17,500,000 shares of its common stock, which are being sold to the public at USD23.00 per share.
All of the shares of common stock offered are being sold 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 2,625,000 shares at the public offering price. 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 acting as lead book-running managers. 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.