Compass Minerals plans new term loan for notes tender

By Sara Rosenberg

New York, Oct. 3 - Compass Minerals International Inc. is planning on getting a new term loan under its existing credit facility to help fund a tender offer for its $123.5 million of 12¾% series B senior discount notes, according to a news release.

The tender offer will expire on Oct. 30.

Credit Suisse is the dealer manager for the tender.

Compass Minerals is an Overland Park, Kan., producer of inorganic minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride.

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