Compass Diversified (CODI) Prices 5M Share Common Offering at $17.60/Sh

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Go back to Compass Diversified (CODI) Prices 5M Share Common Offering at $17.60/Sh

Compass Diversified Holdings Announces Pricing of $88 Million Common Share Offering

May 4, 2020 8:16 PM EDT

WESTPORT, Conn., May 04, 2020 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (the Trust)  and Compass Group Diversified Holdings LLC (the "Company" and together with the trust, "CODI"), announced today that CODI has priced a public offering of 5,000,000 common shares of the Trust at a price to the public of $17.60 per share, for gross proceeds to CODI of $88 million. The underwriters will have a 30-day option to purchase up to an additional 750,000 common shares from CODI. CODI will use the net proceeds from the offering to repay a portion of the outstanding balance... More