May 12 (Reuters) - Network infrastructure provider CommScope Holding, now known as Vistance Networks VISN.O, has been sued by a group of lenders who claim it breached a debt agreement by failing to pay prescribed premiums of at least $150 million following an asset sale, Bloomberg News reported on Tuesday.

Here are more details:

• In August last year, CommScope sold its connectivity and cable solutions unit to Amphenol APH.N in a $10.5 billion deal.

• The sale was a crucial step in reducing CommScope's $9.4 billion debt. Following the deal's close in January, CommScope rebranded as Vistance.

• The lenders suing CommScope contend that the divestiture amounted to a sale of substantially all its assets, triggering an event of default under its debt agreements and requiring the company to pay a premium to lenders, Bloomberg said, citing a Tuesday filing in New York state court.

• The lawsuit also alleges that because CommScope used part of the asset-sale proceeds to repay principal on the $3.15 billion loan within 18 months of its issuance, lenders are entitled to an additional prepayment premium under the debt terms, Bloomberg reported.

• "CommScope breached the covenant of good faith and fair dealing by amending its senior notes indentures for the sole purpose of denying the Term Loan Lenders the Applicable Premium," the lawsuit said, according to the report.

• Vistance did not immediately respond to a Reuters request for comment on the report.

• Earlier in 2025, Amphenol had bought CommScope's mobile networks business, Andrew, for about $2 billion and purchased its outdoor wireless network and distributed antenna systems businesses for $2.1 billion in 2024.