Compass Diversified Holdings (CODI) plans to commence an offering of $400 million of senior unsecured notes due 2026 in a private offering.
The company intends to use the net proceeds of the notes offering, together with cash on hand and borrowings from a refinancing transaction concurrent with the notes offering, to repay debt under the company’s existing credit facilities. Any remaining proceeds are expected to be used for general corporate purposes. The offering of the notes is not conditioned upon the consummation of the company’s concurrent refinancing transaction.
The notes will be the company’s senior unsecured obligations and will not be guaranteed by any of the company’s subsidiaries.
CODI’s brands include 5.11, Advanced Circuits, Arnold Magnetic Technologies, Clean Earth, Crosman, Ergobaby, Foam Fabricators, Liberty Safe, Manitoba Harvest and Sterno Products.
