{"schema_version":"secwatch.filing_event.v1","accession":"0001227654-25-000103","form_type":"8-K","ticker":"CMP","cik":"0001227654","company_name":"COMPASS MINERALS INTERNATIONAL INC","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.748995+00:00","generated_at":"2026-05-19T06:08:54.250019+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Compass Minerals issues $650M 8.000% senior notes due 2030; redeems $350M of 6.750% notes due 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001227654-25-000103","json":"https://secwatch.observer/filing/0001227654-25-000103.json","markdown":"https://secwatch.observer/filing/0001227654-25-000103.md","text":"https://secwatch.observer/filing/0001227654-25-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1227654/000122765425000103/0001227654-25-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1227654/000122765425000103/cmp-20250616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T06:08:54.250019+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a1e2ab0477534de48dfc81d14d46e5418c7afcc4","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1227654/000122765425000103/0001227654-25-000103-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$650,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, N.A., as trustee"},{"label":"Rate","value":"8.000% per year"},{"label":"Maturity","value":"July 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}