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Prospect News home > News index > List of issuers Paydowns > Headlines for Altoona > News item
Published on 2/20/2019 in the Prospect News Bank Loan Daily.

Compass Diversified to pay down revolver debt with sale proceeds

Chicago, Feb. 20 – Compass Diversified Holdings plans to use the proceeds from the sale of its majority-owned subsidiary, FHF Holdings Ltd. (Manitoba Harvest), to pay down outstanding debt under its revolving credit facility, according to a company news release.

The company is selling Manitoba Harvest to Tilray Inc. for C$419 million.

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


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