Compass Diversified Debt Offering Gets Moody’s Downgrade
The ratings agency lowered CODI’s Corporate Family Rating to B1 from Ba3 on its new capital structure, which includes a senior secured first lien $600 million revolver and $500 million term loan, along with the just-announced $400 million of senior unsecured notes due 2026 in a private offering. The new secured debt was rated Ba3 and the unsecured notes were rated ... Log in to view full article.