CommScope Holding Company Inc at Bank of America Leveraged Finance/Credit Conference Transcript

Nov 29, 2022 / 07:50PM GMT
Anastazia Goshko - BofA Securities, Research Division - MD

Welcome. I'm Ana Goshko from Bank of America, and this is our 2022 Leveraged Finance Conference. We're thrilled to be back in person in Boca Raton, and we're also thrilled to have CommScope with us today, Kyle Lorentzen, the company's CFO. So Kyle, thank you so much for joining us.

Kyle D. Lorentzen - CommScope Holding Company, Inc. - Executive VP & CFO

Thanks for having us.

Questions and Answers:

Anastazia Goshko - BofA Securities, Research Division - MD

Great. So just to recap, Kyle, you joined CommScope as Chief Transformation Officer in December 2020 and then transition to becoming the CFO in November 2021. So 2 years with the company, 1 year in the CFO role. And just about a year ago at your Analyst Day, you laid out key components of your CommScope NEXT in your financial targets, which is $500 million of incremental EBITDA and then 4x to 5x leverage target for 2024.

But since then, there's been, I think, a lot of unwelcome
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