COMPASS MINERALS INTERNATIONAL INC (CMP): debt financing — Compass Minerals issues $650M 8.000% senior notes due 2030; redeems $350M of 6.750% notes due 2027

COMPASS MINERALS INTERNATIONAL INC

Issued $650M aggregate principal amount of 8.000% senior notes due 2030; interest payable Jan 1 and July 1 starting Jan 1, 2026.
Used net proceeds to repay all outstanding credit facility borrowings and to redeem ~$350M of 6.750% notes due 2027.
Credit agreement amendment fixes revolver at $325M; max first lien net leverage 2.75x (steps to 2.50x Dec 31, 2025); min interest coverage 1.50x.
Notes are senior unsecured, rank equally with existing senior unsecured debt but subordinated to secured debt, including amended credit facility.
Notes redeemable at make-whole premium before July 1, 2027; up to 40% may be redeemed at 108% with equity offering proceeds.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

COMPASS MINERALS INTERNATIONAL INC incurred senior notes of $650,000,000 aggregate principal amount with Computershare Trust Company, N.A., as trustee at 8.000% per year maturing July 1, 2030.

Instrument: senior notes
Principal: $650,000,000 aggregate principal amount
Counterparty: Computershare Trust Company, N.A., as trustee
Rate: 8.000% per year
Maturity: July 1, 2030
Event: incurrence

Exact text from the filing

On June 16, 2025, Compass Minerals issued $650,000,000 aggregate principal amount of the Notes. The Notes bear interest at a rate of 8.000% per year and mature on July 1, 2030.

View on SEC.gov

Browse all debt financings →

COMPASS MINERALS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001227654-25-000103

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.