California-based CommScope is seeking to raise about $1.5 billion in a note sale. The company, which provides infrastructure solutions for communications networks, is selling senior securities due 2018 in the private placement market. The net proceeds from the offering would be used by the company to partially finance its proposed takeover by the Carlyle Group. CommScope will also use the remaining proceeds to pay for certain fees and expenses related to the proposed merger.
Click here for the release from CommScope.