Compass Diversified (CODI) Announces 500K Common Share Offering

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Go back to Compass Diversified (CODI) Announces 500K Common Share Offering

Compass Diversified Holdings Announces Common Share Offering

May 4, 2020 4:01 PM EDT

WESTPORT, Conn., May 04, 2020 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (CODI or the Company), announced today that it has commenced a public offering of 5,000,000 common shares, with a 30-day option for the underwriters to purchase up to an additional 750,000 common shares. Net proceeds from the offering will be used to repay a portion of the outstanding balance of the Companys revolving credit facility.

Morgan Stanley, BofA Securities, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for this offering.  A copy of the preliminary... More