Broadband Briefs for 06/01/09
• CommScope sets termination date for some debt
By The Associated Press
HICKORY, N.C. (AP) – CommScope Inc., a network infrastructure company, on Friday set a deadline for converting a certain class of the company's debt into shares of stock.
CommScope said after June 18, its 3.5 percent convertible senior subordinated debentures due 2024 may not be converted into common stock.
Debt holders will receive additional shares as make-whole payments under the terms of the notes.