** Shares of CommScope Holding COMM.O leap 24.8% premarket to $7, a six-week high, after co announced strategic refinancing transaction

** Communication network infrastructure provider late Tues said entered new agreements with a group of existing lenders including Apollo APO.N and Monarch Alternative Capital

** New agreements include a $3.15 bln first-lien term loan maturing in 2029, and $1 bln in first-lien notes maturing in 2031

** Proceeds from the new debt will enable it to fully repay its senior unsecured notes due 2025, and its existing senior secured term loan facility, COMM said

** Expected proceeds from its sale of outdoor wireless networks and distributed antenna systems units to Amphenol APH.N for $2.1 bln, announced in July, expected to close in Q1 2025, will be used to fully repay its senior secured notes due 2026, co said

** “This transaction is a pivotal step forward in our ongoing process to position CommScope for long-term growth,” CEO Chuck Treadway said in statement

** Through Tues close, COMM shares have more than quadrupled over the past six months

** In 2024, stock has traded as low as 86 cents (Apr 25) and as high as $7.19 (Nov 6)

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))