# EDGAR Filing Document

**Accession Number:** 0001227654
**File Stem:** 0001227654-25-000098
**Filing Date:** 2025-6
**Character Count:** 15936
**Document Hash:** d1234e82f5baadcde987c2c77a865b02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001227654-25-000098.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001227654-25-000098

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250603

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMPASS MINERALS INTERNATIONAL INC
- **CENTRAL INDEX KEY:** 0001227654
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 363972986
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31921
- **FILM NUMBER:** 251020752

**BUSINESS ADDRESS:**
- **STREET 1:** 9900 W. 109TH STREET
- **STREET 2:** SUITE 100
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66210
- **BUSINESS PHONE:** 913-344-9200

**MAIL ADDRESS:**
- **STREET 1:** 9900 W. 109TH STREET
- **STREET 2:** SUITE 100
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SALT HOLDINGS CORP
- **DATE OF NAME CHANGE:** 20030416

?xml version='1.0' encoding='ASCII'? cmp-20250603

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): June 3, 2025

![CMPlogo.jpg](cmp-20250603_g1.jpg)

**Compass Minerals International, Inc.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-31921** | **36-3972986** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer <br>Identification No.) |

---

**9900 West 109**<sup>th</sup> **Street** 

**Suite 100** 

**Overland Park, KS 66210** 

(Address of principal executive offices)

**(913) 344-9200** 

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐**&nbsp;&nbsp;&nbsp;&nbsp;**Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐**&nbsp;&nbsp;&nbsp;&nbsp;**Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐**&nbsp;&nbsp;&nbsp;&nbsp;**Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common stock, $0.01 par value | CMP | The New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

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**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

*Senior Notes Offering*

On June 3, 2025, Compass Minerals International, Inc. ("Compass Minerals") issued a press release announcing that it has priced an offering of $650 million aggregate principal amount of 8.000% senior notes due 2030 (the "Notes") in a private offering. The sale of the Notes is expected to be completed on or about June 16, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of Compass Minerals and will be guaranteed by certain of its domestic subsidiaries.

Compass Minerals intends to use the net proceeds from this offering (i) to repay all outstanding amounts under its senior secured credit facility, (ii) to redeem $350 million of its outstanding 6.750% senior notes due 2027 (CUSIP No. (144A) 20451NAG6; (Reg S) U2038LAA0) (the "2027 Notes"), (iii) to pay transaction-related fees and expenses, (iv) for additional cash on its balance sheet and (v) for general corporate purposes.

The Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act.

This Current Report on Form 8-K does not and will not constitute an offer to sell or the solicitation of an offer to buy the Notes and related guarantees, nor will there be any sale of the Notes and related guarantees in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

*Redemption of 2027 Notes*

Compass Minerals has elected to redeem $350 million aggregate principal amount outstanding of its 2027 Notes, which were issued pursuant to an indenture, dated as of November 26, 2019 (the "Indenture"), among Compass Minerals, the guarantors named therein and Computershare Trust Company, National Association (as successor to Wells Fargo Bank, National Association), as trustee (the "Trustee") (the "Redemption"). On June 4, 2025, the Trustee will provide notice of redemption (the "Redemption Notice") to the record holders of the 2027 Notes in accordance with DTC procedures.

Pursuant to the Redemption Notice, on June 17, 2025 (the "Redemption Date"), Compass Minerals will redeem $350 million aggregate principal amount outstanding of the 2027 Notes at a redemption price equal to 101.125% of the principal amount of such 2027 Notes and any accrued and unpaid interest, if any, up to, but excluding, the Redemption Date (the "Redemption Price"). After the Redemption Date, interest on each 2027 Note to be redeemed will cease to accrue. Upon completion of the Redemption, $150 million aggregate principal amount of the 2027 Notes will remain outstanding.

The press release relating to the pricing of the Notes offering and the Redemption is attached as Exhibit 99.1 and is incorporated by reference.

*Credit Agreement Amendment*

Concurrently with the closing of the offering of the Notes, the Company expects to amend the terms of its senior secured credit agreement due May 5, 2028, as amended from time to time prior to the date hereof (the "Existing Amended and Restated Credit Agreement") to, among other things, (i) remove the automatic periodic step-downs in the aggregate revolving commitments, with the aggregate revolving commitments to be fixed at $325.0 million at and after the closing of the amendment, (ii) permit the issuance of the Notes, with the net cash proceeds therefrom to be used to prepay all outstanding loans under the Existing Amended and Restated Credit Agreement, (iii) permit the Company to utilize certain baskets under the covenants restricting the incurrence of indebtedness and liens and the making of investments, dividends and other distributions, and junior debt prepayments, in each case that were unavailable during the covenant relief period under the Existing Amended and Restated Credit Agreement and (iv) modify the financial maintenance covenants, which are tested on a quarterly basis, as follows: (A) replace the current leverage-based covenant, which requires compliance with a maximum ratio of consolidated total net indebtedness to consolidated EBITDA of 6.50 to 1.00 (with a step-down to 5.75 to 1.00 on December 31, 2025, and a further step-down to 4.75 to 1.00 on March 31, 2026) with a leverage-based covenant which requires compliance with a maximum ratio of consolidated first lien net indebtedness to consolidated EBITDA of 2.75 to 1.00 (with a step-down to 2.50 to 1.00 on December 31, 2025) and (B) lower the required minimum ratio of consolidated EBITDA to consolidated interest expense from 2.00 to 1.00 (with a step-up to 2.25 to 1.00 on March 31, 2026) to 1.50 to 1.00. The Company has obtained the requisite lender consents for the amendment to the Existing Amended and Restated Credit Agreement.

------

The information contained in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Description** |
| <u>[99.1](cmp-debtofferingxpricingex.htm)</u> | <u>[Press Release issued by Compass Minerals International, Inc. on June](cmp-debtofferingxpricingex.htm)[3](cmp-debtofferingxpricingex.htm)[, 2025.](cmp-debtofferingxpricingex.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**COMPASS MINERALS INTERNATIONAL, INC.** | &nbsp;&nbsp;**COMPASS MINERALS INTERNATIONAL, INC.** |
| Date: June 3, 2025 | &nbsp;&nbsp;By: | /s/ Peter Fjellman |
|  |  | Name: Peter Fjellman |
|  |  | Title: Chief Financial Officer |

---

## Exhibit 99.1

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| | |
|:---|:---|
| ![cmplogoa.jpg](cmplogoa.jpg) | **Exhibit 99.1** |

---

**FOR IMMEDIATE RELEASE**

**Compass Minerals Announces Pricing of $650 Million Senior Notes due 2030 and Partial Redemption of Senior Notes due 2027**

OVERLAND PARK, Kan. (June 3, 2025) - Compass Minerals International, Inc. (NYSE: CMP) ("Compass Minerals" or the "Company") has priced an offering of $650 million aggregate principal amount of 8.000% senior notes due 2030 (the "Notes") in a private offering. The sale of the Notes is expected to be completed on or about June 16, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of Compass Minerals and will be guaranteed by certain of its domestic subsidiaries.

Compass Minerals intends to use the net proceeds from this offering (i) to repay all outstanding amounts under its senior secured credit facility, (ii) to redeem $350 million of its outstanding 6.750% senior notes due 2027 (the "2027 Notes"), (iii) to pay transaction-related fees and expenses, (iv) for additional cash on its balance sheet and (v) for general corporate purposes.

The Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act.

In addition, as discussed above, Compass Minerals announced today that it will redeem $350 million aggregate principal amount of its 2027 Notes (the "Redemption").

The redemption date for the 2027 Notes is June 17, 2025 (the "Redemption Date"). The 2027 Notes will be redeemed on the Redemption Date at a redemption price equal to 101.125% of the principal amount being redeemed and any accrued and unpaid interest, if any, up to, but excluding, the Redemption Date, in accordance with the terms of the 2027 Notes and the applicable indenture governing such 2027 Notes. After the Redemption Date, interest on each 2027 Note to be redeemed will cease to accrue. Upon completion of the Redemption, $150 million aggregate principal amount of the 2027 Notes will remain outstanding.

This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy the Notes and related guarantees, nor will there be any sale of the Notes and related guarantees in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer of the Notes and related guarantees will be made only by means of a private offering memorandum.

A notice of redemption is being sent by the trustee for the 2027 Notes to all currently registered holders of such 2027 Notes. This press release does not constitute a notice of redemption under the indenture governing the 2027 Notes.

------

**About Compass Minerals** 

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. The Company's salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops, while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with nearly 1,800 employees throughout the U.S., Canada and the U.K.

**Forward-Looking Statements and Other Disclaimers**

*This press release may contain forward-looking statements, including, without limitation, statements about the Company's intent to refinance its debt stack and retire debt. These statements are based on the Company's current expectations, estimates and projections and involve risks and uncertainties that could cause the Company's actual results to differ materially. The differences could be caused by several factors including those factors identified in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's Annual and Quarterly Reports on Forms 10-K and 10-Q, including any amendments, as well as the Company's other SEC filings. Opinions expressed are current opinions as of the date hereof. Investors are cautioned not to place undue reliance on such forward-looking statements and should rely on their own assessment of an investment. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law.*

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| | |
|:---|:---|
| **Investor Contact** | **Media Contact** |
| Brent Collins | Kevin Gabriel |
| Vice President, Investor Relations | Senior Director, Corporate Affairs |
| +1.913.344.9111 | +1.913.344.9265 |
| InvestorRelations@compassminerals.com | MediaRelations@compassminerals.com |

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