---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056629"
form_type: "8-K"
ticker: "CMP"
cik: "0001227654"
company_name: "COMPASS MINERALS INTERNATIONAL INC"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:57:05.252338+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Compass Minerals closes $375M credit facility refinancing, redeems $250M senior notes due 2024

## Summary
- Revolving commitments increased from $300M to $375M; maturity extended to May 5, 2028.
- New $200M term loan tranche refinances existing term loans, also maturing May 5, 2028.
- Company will redeem all outstanding $250M 4.875% Senior Notes due 2024 on May 10, 2023.
- Added Compass Minerals Lithium Corp. of America as guarantor under the indenture.
- Proceeds used to redeem senior notes, prepay existing term loans, and for general corporate purposes.

## SEC filing metadata
- accession: 0001104659-23-056629
- form_type: 8-K
- ticker: CMP
- cik: 0001227654
- company_name: COMPASS MINERALS INTERNATIONAL INC
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227654/000110465923056629/0001104659-23-056629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227654/000110465923056629/tm2314779d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056629
- JSON: https://secwatch.observer/filing/0001104659-23-056629.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056629.txt

## Key facts
- Material Agreements
  COMPASS MINERALS INTERNATIONAL INC amended 2023 A&R Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and other financial institutions or entities as lender parties thereto valued at $375,000,000 (effective 2023-05-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and other financial institutions or entities as lender parties thereto
  - Value: $375,000,000
  - Effective: 2023-05-05
  source text: On May 5, 2023 (the “ 2023 Amendment and Restatement Effective Date ”), Compass Minerals International, Inc., a Delaware corporation (the “ Company ”), Compass Minerals Canada Corp., a corporation continued and amalgamated under the laws of the province of Nova Scotia, Canada (the “ Canadian Borrower ”), and Compass Minerals UK Limited, a company incorporated under the laws of England and Wales (the “ UK Borrower ,” and together with the Company and the Canadian Borrower, the “ Borrowers ”), closed on the Amendment and Restatement Agreement (the “ 2023 A&R Agreement ”) to the Credit Agreement, dated as of April 20, 2016, as amended and restated as of November 26, 2019, as amended as of June 29, 2021, as of June 13, 2022, and as of November 16, 2022 (as amended through the date hereof, the “ Existing Credit Agreement ”, and as subsequently amended and restated by the 2023 A&R Agreement, the “ Amended and Restated Credit Agreement ”) between the Borrowers, JPMorgan Chase Bank, N.A., as a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227654/000110465923056629/0001104659-23-056629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.