HRG unit Compass plans to repay $147.5 million facility via asset sale

By Susanna Moon

Chicago, Dec. 2 – HRG Group, Inc.’s wholly owned subsidiary, Compass Energy Operating, LLC, is expected to use some asset sale proceeds to pay down about $147.5 million of its credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Compass Energy sold its oil and gas interests in the Holly, Waskom and Danville Fields in East Texas and North Louisiana to Indigo Resources LLC under a purchase agreement that closed Tuesday.

HRG is a New York-based diversified holding company.

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