Core Points - Compass Diversified (CODI) has entered into a second forbearance agreement with its lenders, extending the previous forbearance period until October 24, 2025, and increasing the availability on its $100 million revolving credit facility from $40 million to $60 million during this period [1][2] - The forbearance agreement follows an investigation into financial and accounting irregularities at its subsidiary, Lugano Holdings, Inc., which has identified issues in financing, accounting, and inventory practices [2][3] - The investigation is progressing as expected, focusing solely on Lugano and not affecting CODI's other subsidiaries, which continue to operate normally and generate significant cash flow [3][4] - CODI's CEO emphasized the company's strong performance across its other eight subsidiaries, maintaining healthy balance sheets and solid liquidity supported by increased access to capital [4]