---
schema_version: "secwatch.filing_event.v1"
accession: "0001227654-22-000318"
form_type: "8-K"
ticker: "CMP"
cik: "0001227654"
company_name: "COMPASS MINERALS INTERNATIONAL INC"
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T13:51:54.519719+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Compass Minerals amends credit agreement to transition from LIBOR to SOFR benchmarks

## Summary
- Amendment No. 3 to the $700M credit agreement (dated April 20, 2016, as amended) executed November 16, 2022.
- Replaces LIBOR-based pricing with SOFR (Term SOFR + 0.10% and Daily Simple RFR) for all new Dollar-denominated borrowings.
- Existing Eurocurrency loans remain outstanding until their current Interest Period ends, then convert to Term Benchmark or Base Rate loans.
- The amendment was consented to by the required lenders and all borrowers; no material changes to total facility size or covenants.

## SEC filing metadata
- accession: 0001227654-22-000318
- form_type: 8-K
- ticker: CMP
- cik: 0001227654
- company_name: COMPASS MINERALS INTERNATIONAL INC
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227654/000122765422000318/0001227654-22-000318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227654/000122765422000318/cmp-20221116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001227654-22-000318
- JSON: https://secwatch.observer/filing/0001227654-22-000318.json
- Plain text: https://secwatch.observer/filing/0001227654-22-000318.txt

## Key facts
- Material Agreements
  COMPASS MINERALS INTERNATIONAL INC amended Amendment No. 3 with JPMorgan Chase Bank, N.A., as administrative agent, and the several banks and other financial institutions or entities as lender parties (effective 2022-11-16).
  - 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
  - Effective: 2022-11-16
  source text: On November 16, 2022, Compass Minerals International, Inc., a Delaware corporation (the “US Borrower”), 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 US Borrower and the Canadian Borrower, the “Borrowers”), closed on Amendment No. 3 (the “Amendment”) to the Credit Agreement, dated as of April 20, 2016, as amended and restated as of November 26, 2019, and as further amended, supplemented or otherwise modified from time to time (as amended, the “Credit Agreement”) between the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the several banks and other financial institutions or entities as lender parties thereto (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227654/000122765422000318/0001227654-22-000318-index.htm

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