Compass minerals closes on sale of $500 million senior notes

Compass minerals international, inc. announced offering of $500 million aggregate principal amount of 6.75% senior notes due 2027 in a private offering. compass minerals has also closed on its new amended and restated credit agreement which provides for a $300 million revolving credit facility and $400 million term loan. both the revolving credit facility and the term loan mature on january 15, 2025 and carry an interest rate of libor plus 2% or a base rate plus 1%, as applicable. the company is using the net proceeds from the senior notes offering, together with borrowings under the amended and restated credit agreement, to repay all outstanding indebtedness under its existing credit agreement. the senior notes are senior unsecured obligations of compass minerals and are guaranteed by certain of its domestic subsidiaries.
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