Business
Compass, Inc. Announces Proposed Offering of $750,000,000 Convertible Senior Notes
Compass, Inc. (NYSE: COMP) (the "Company") announces that it intends to offer (the "Offering"), subject to market and other conditions, $750.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") in a private offering. The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $112.5 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the date on which the Note
About this update from Compass, Inc.
[{"type":"text","content":"NEW YORK, Jan. 7, 2026 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) (the "Company") announces that it intends to offer (the "Offering"), subject to market and other conditions, $750.0 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") in a private offering. The Company also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $112.5 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the date on which the Notes are initially issued.","length":592,"tagName":"p"},{"type":"image","alt":"COMPASS. (PRNewsfoto/Compass)","displaySize":"","headline":null,"caption":"COMPASS. (PRNewsfoto/Compass)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":54,"url":"https://media.zenfs.com/en/prnewswire.com/4e2f12056e48b6356cfadd5460f66a45"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2uN4oghpOvs7lKYB.mrFHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/4e2f12056e48b6356cfadd5460f66a45","width":400,"height":54}},"href":"https://mma.prnewswire.com/media/599202/Compass_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Notes will be the Company's senior unsecured obligations and will be jointly and severally guaranteed on a senior unsecured basis by each of the Company's subsidiaries that guarantees the Company's existing revolving credit facility. The Company intends to use the net proceeds from the Offering for general corporate purposes, which will include (i) to the extent that the previously announced merger with Anywhere Real Estate Inc. ("Anywhere") is completed (the "Merger"), the repayment of certain existing indebtedness of Anywhere and its subsidiaries at closing of the Merger, including borrowings under Anywhere's revolving credit facility and payment of fees, costs and expenses related to the Merger and (ii) the funding of the net cost of entering into the capped call transactions described below.","length":846,"tagName":"p"},{"type":"text","content":"The Company will satisfy any conversion elections by paying and/or delivering, as the case may be, cash, shares of its Class A common stock or a combination of cash and shares of its Clas...