CommScope (NYSE: CTV) said Wednesday that it plans to privately sell $225 million of convertible senior debentures due in 2024.

The Hickory-based company plans to use the proceeds to retire its $172.5 million of 4-percent convertible subordinated notes maturing in 2006, to pay down $25 million in debt and for other corporate purposes.

CommScope, which manufactures coaxial cable, says it may sell an additional $25 million of the debentures, which is unsecured debt backed by the credit and earnings history of a company.

Shares of CTV rose 8 cents to $17.52 on Wednesday. But the stock was back down Thursday, dropping 78 cents, or 4.5 percent, to $16.74.