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CompoSecure Completes Debt Refinancing to Extend Maturities and Support Future Growth
Globenewswire· 2026-01-14 13:45
Core Viewpoint - CompoSecure, Inc. has successfully closed a significant refinancing transaction, which includes a private placement of senior secured notes, a new term loan facility, and revolving commitments, aimed at enhancing its capital structure and supporting strategic growth initiatives [1][3]. Financing Details - The company issued $900 million in senior secured notes due 2033 at a fixed annual interest rate of 5.625%, with interest payable semi-annually [2]. - A new term loan facility of $1.2 billion, maturing in 2033, was established, bearing interest at the term SOFR reference rate plus 2.25% and issued at a price of 99.875% of the face amount [2]. - Additionally, $400 million in revolving commitments maturing in 2031 were secured [1]. Use of Proceeds - The net proceeds from the new term loan, borrowings under the new revolving loan, and the issuance of the notes will be utilized to repay outstanding borrowings under the existing revolving credit facility, refinance the existing Term Loan B, and cover related fees and expenses [3]. Corporate Rebranding - On January 12, 2026, CompoSecure announced its rebranding to GPGI, Inc., with both CompoSecure and Husky retaining their trade names as distinct reporting segments [5]. - The company's Class A common stock is expected to begin trading under the new name and ticker symbol "GPGI" on the New York Stock Exchange starting January 23, 2026 [5]. Company Overview - GPGI, Inc. is described as a diversified, multi-industry compounder, managing companies with strong positions in their respective industries, and is purpose-built to acquire and scale high-quality businesses [7].