secwatch.observer — SEC 8-K summary
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Issuer:     COMPASS MINERALS INTERNATIONAL INC (CMP)
CIK:        0001227654
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001227654-22-000318
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Minerals amends credit agreement to transition from LIBOR to SOFR benchmarks
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227654/000122765422000318/0001227654-22-000318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227654/000122765422000318/cmp-20221116.htm
  HTML page:      https://secwatch.observer/filing/0001227654-22-000318

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