Compass enters $250M revolver (expandable to $500M) to back Anywhere merger

Compass, Inc.

Initial commitments of $250M; automatically increase to $500M upon closing of Anywhere Real Estate merger (Aspen Acquisition).
Maturity Nov 17, 2030; interest at Term SOFR + 1.50%-2.25% based on leverage ratio.
Pre-merger covenants: min liquidity $150M, min revenue $4B, max leverage 3.0x; post-merger: max leverage 5.0x stepping down.
Letter of credit sublimit $100M (increases to $170M post-merger).
Secured by first-priority security interest in substantially all assets of Compass and subsidiary guarantors.

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