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Compass Group to pay down revolver borrowings with notes proceeds
By Sara Rosenberg
New York, May 5 – Compass Group Diversified Holdings LLC plans to repay the outstanding balance on its revolving credit facility using a portion of the proceeds from a $200 million senior notes offering, according to a market source.
Remaining proceeds from the notes will provide the company with liquidity to allow it to opportunistically pursue future acquisitions and for general corporate purposes.
Compass is a Westport, Conn.-based owner and manager of a diverse family of middle market businesses.
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