Compass Minerals to repay all debt under existing credit agreement

By Sarah Lizee

Olympia, Wash., Nov. 20 – Compass Minerals International, Inc. plans to repay all outstanding debt under its existing credit agreement using proceeds from a new note offering and borrowings under an expected new amended and restated credit agreement, according to a press release.

The company announced Wednesday that it plans to offer $500 million of eight-year senior notes.

Compass Minerals, through its subsidiaries, produces salt, magnesium chloride, sulfate of potash and other plant nutrition products.

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