NEW YORK (S&P Global Ratings) April 8, 2021--S&P Global Ratings today said that CommScope Holding Co. Inc.'s (B-/Stable/--) announced plan to spin off its Home Networks business into a stand-alone company could enable the company to accelerate its pace of deleveraging, depending on the timeline to achieve its planned synergies and the amount of any associated debt reduction. CommScope announced today that it plans to divest its Home Networks business through a tax-free distribution to its existing shareholders. The company also articulated a plan for expense reductions at the remaining CommScope businesses that will be sufficient to replace the EBITDA it will lose from the spin-off, as well as a cash distribution from the stand-alone Home Networks business, which the
