Compass prices $850M convertible notes at 0.25% due 2031, upsized $100M, linked to Anywhere merger

Compass, Inc.

Priced $850M aggregate principal of 0.25% convertible senior notes due April 15, 2031; initial purchasers option for additional $150M.
Initial conversion price ~$15.98/share (35% premium over Jan 7 close); capped call cap price $23.68/share.
Net proceeds for general corporate purposes, including repaying Anywhere debt at closing of pending merger.
Offering upsized by $100M from previously announced amount; expected to close on or about Jan 9, 2026.
Notes are senior unsecured, guaranteed by subsidiaries that guarantee existing revolver; interest rate 0.25%.

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