|ARRIS Prepays a Portion of Its Senior Credit Facilities|
Since acquiring the Motorola Home business from
"This prepayment demonstrates our confidence in the Company's performance and the progress we have made over the past year. ARRIS is committed to its capital allocation strategy and will effectively use excess cash to enhance shareholder value,"
ARRIS is a global innovator in IP, video and broadband technology. We have continually worked with our customers to transform the experience of entertainment and communications for millions of people across the world. The people of ARRIS are dedicated to the success of our customers, bringing a passion for invention that has fueled our 60-year history: We created digital TV, delivered the first wireless broadband gateway and are pioneering the standards and pathways for tomorrow's personalized, Ultra HD, multiscreen, and cloud services. We are dedicated to meeting today's challenges and preparing for the tasks the future holds. Collaborating with our customers, ARRIS will continue to solve the most pressing challenges of 21st century communications. Together, we are inventing the future. For more information: www.arrisi.com.
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Bob Puccini, ARRIS investor Relations, +1-720-895-7787, email@example.com