Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 286

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 286
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, 2024, 2023 and 2022 in reliance on the restated consolidated financial information provided in this Form 10-K/A, the Company would not have been in compliance with such financial covenants as of the years ended December 31, 2024 and 2023. In addition, management’s conclusion that substantial doubt exists about the Company’s ability to continue as a going concern within one year after the date the accompanying consolidated financial statements are issued has resulted in an emphasis-of-matter paragraph in the report of our independent registered public accounting firm, which constitutes a breach of certain affirmative covenants under the 2022 Credit F acility. As a result, the 2022 Term Loan and 2022 Revolving Credit facility have been classified as current at December 31, 2024 and 2023 in the Consolidated Financial Statements, and in each of the interim periods where an event of default occurred because the Company was not in compliance with the financial covenants under the 2022 Credit Facility. Ad ditionally, because the 2029 Notes and 2032 Notes may have been subject to acceleration had the lenders under the 2022 Credit Facility exercised their acceleration rights during such historical periods, the 2029 Notes and 2032 Notes have also been classified as current at December 31, 2024 and 2023 in the Consolidated Financial Statements.

Refer to " Note T- Subsequent Events " for a description of amendments and related forbearance agreements to the Company's 2022 Credit Facility.

The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2024, December 31, 2023 and December 31, 2022 (in thousands) :

|                                              |     | December 31, 2024       |     |        |            |     | December 31, 2023       |     |        |            |     | December 31, 2022       |     |        |           |
|:---------------------------------------------|:----|:------------------------|:----|:-------|-----------:|:----|:------------------------|:----|:-------|-----------:|:----|:------------------------|:----|:-------|----------:|
|                                              |     | Effective Interest Rate |     | Amount |            |     | Effective Interest Rate |     | Amount |            |     | Effective Interest Rate |     | Amount |           |
| 2029 Senior