Compass Diversified to pay down some of revolver with stock proceeds

By Angela McDaniels

Tacoma, Wash., Dec. 7 – Compass Diversified Holdings plans to use the proceeds from a stock offering to repay a portion of the outstanding balance of its revolving credit facility, according to a company news release.

The company is selling $104.44 million of common stock, or 5.6 million share for $18.65 each. The public offering has a $15.67 million greenshoe and is expected to close Tuesday.

Compass Diversified Holdings is a Westport, Conn.-based owner and manager of middle market businesses.

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