Compass minerals announces offering of $500 million senior notes
Compass minerals international, inc. announced it intends to offer, subject to market conditions and other considerations, $500 million in aggregate principal amount of new senior notes due 2027 in a private offering. the notes will be senior unsecured obligations of compass minerals and will be guaranteed by certain of its domestic subsidiaries. compass minerals intends to use the net proceeds from the offering, together with borrowings under an expected new amended and restated credit agreement, to repay all outstanding indebtedness under its existing credit agreement, including certain prepayment premiums and exit fees. the notes and related guarantees will not be registered under the securities act of 1933, as amended, or any state securities laws and, unless so registered, may not be offered or sold in the united states except pursuant to an applicable exemption from the registration requirements of the securities act and applicable state securities laws. the notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on rule 144a under the securities act and to persons other than “u.s. persons” in compliance with regulation s under the securities act.
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