secwatch.observer — SEC 8-K summary
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Issuer:     Compass Group Diversified Holdings LLC (—)
CIK:        0001345122
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0001345126-25-000089
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Diversified amends credit facility, waives defaults, restores $100M revolver
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- Waived existing events of default tied to financial covenants and subsidiary Lugano's Chapter 11 filing (Nov 17, 2025).
- Revolving commitments restored to $100M; interest rates SOFR + 1.50%-3.25% based on leverage ratio.
- Mandatory 100% repayment of net asset sale or deleveraging proceeds; bi-weekly 13-week cash flow forecasts required.
- Management fees capped at $15M/quarter; restricted payments limited to $10M/quarter unless leverage ≤4.50x.
- Milestone fees up to $9.5M if leverage not below 4.50x by March 31, 2027; revised financial covenants after Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345122/000134512625000089/0001345126-25-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345122/000134512625000089/codi-20251219.htm
  HTML page:      https://secwatch.observer/filing/0001345126-25-000089

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