Compass Diversified increased its offering of senior unsecured notes due 2029 to $1 billion from $750 million. The 5.25 percent notes will be the company’s senior unsecured obligations.

The company intends to use the net proceeds to repay debt under the company’s existing credit facilities and to redeem the company’s 8.0  percent senior notes due 2026. The offering is currently expected to close on March 23, subject to customary conditions.

CODI’s business holdings include 5.11, Liberty Safe, Boa Technology, Marucci Sports, and Velocity Outdoor in the active lifestyle space. Other businesses include Advanced Circuits, Arnold Magnetic Technologies, Ergobaby, Foam Fabricators, and Sterno.

Photo courtesy CODI