Compass Diversified (CODI) exercises an option and borrows an additional $30M on a term loan,...

|About: Compass Diversified Hold... (CODI)|By:, SA News Editor

Compass Diversified (CODI) exercises an option and borrows an additional $30M on a term loan, bringing total borrowing to $281.9M. The company gets better terms, effectively lowering its interest rate by 125 basis points through a smaller margin and a reduction in the Libor floor. (PR)