OVERLAND PARK, Kan.--(BUSINESS WIRE)--
Compass Minerals International, Inc. (NYSE: CMP) today announced that it
has priced and increased its private placement offering (the “Notes
Offering”) from $200 million to $250 million in aggregate principal
amount of 4.875% senior notes due 2024 (the “Notes”). The Notes will be
sold at a price equal to 100.0% of their face value. The Notes Offering
is expected to close on June 23, 2014, subject to the satisfaction or
waiver of customary closing conditions.
The net proceeds of the Notes Offering will be used to fund the
conditional notice of redemption issued on May 23, 2014, to purchase any
and all of Compass Minerals’ outstanding $100.0 million in aggregate
principal amount 8% senior notes due 2019 and for general corporate
The Notes being offered by Compass Minerals in the Notes Offering have
not been and will not be registered under the Securities Act of 1933, as
amended (the “Securities Act”), and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements. The Notes are being offered only to qualified
institutional buyers under Rule 144A and outside the United States in
compliance with Regulation S under the Securities Act.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security. No offer, solicitation,
or sale will be made in any jurisdiction in which such an offer,
solicitation, or sale would be unlawful.
About Compass Minerals
Compass Minerals is a leading provider of essential minerals that
address nature’s challenges, including salt for winter roadway safety
and other consumer, industrial and agricultural uses, and specialty
plant nutrition minerals that improve the quality and yield of crops.
The company produces its minerals at locations throughout the U.S. and
Canada and in the U.K.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on the Company's current expectations and involve
risks and uncertainties that could cause the Company's actual results to
differ materially. The differences could be caused by a number of
factors including those factors identified in Compass Minerals
International's annual report on Form 10-Kfiled with the
Securities and Exchange Commission on February 20, 2009. The Company
undertakes no obligation to update any forward-looking statements made
in this press release to reflect future events or developments.
Rodney L. Underdown, 913-344-9395
Theresa Womble, 913-344-9362
of Investor Relations
Source: Compass Minerals