CompoSecure Completes Debt Refinancing to Extend Maturities and Support Future Growth

Rhea-AI Summary

CompoSecure (NYSE: CMPO) completed a debt refinancing package on Jan 14, 2026 that raises $900.0M in senior secured notes due 2033, a $1.2B term loan due 2033 and $400.0M of revolving commitments maturing in 2031.

The notes were issued at par with a fixed 5.625% coupon; the new term loan carries interest at term SOFR + 2.25% and was priced at 99.875%. Proceeds and cash on hand repaid the existing revolver and refinanced the prior Term Loan B, aiming to lower cost of capital, extend maturities and improve liquidity.

The company also announced a corporate rebrand to GPGI, Inc., with the Class A stock expected to trade under ticker GPGI on NYSE at market open on Jan 23, 2026. Notes are privately placed and not registered for public resale.

Positive

• Issued $900.0M senior secured notes due 2033 at 5.625%
• Secured a $1.2B term loan due 2033 priced at 99.875%
• Extended debt maturities to 2033 and enhanced liquidity
• Announced corporate rebrand to GPGI with ticker change on Jan 23, 2026

Negative

• Total new secured financing of $2.5B increases gross debt
• New term loan is variable at term SOFR + 2.25%, adding rate exposure
• Notes are privately placed and not registered, limiting resale liquidity

Key Figures

Senior secured notes: $900.0 million New term loan: $1.2 billion Revolving commitments: $400.0 million +5 more

8 metrics

Senior secured notes $900.0 million Aggregate principal amount of notes due 2033

New term loan $1.2 billion Term loan facility maturing in 2033

Revolving commitments $400.0 million New revolving loan commitments maturing in 2031

Notes coupon 5.625% per year Fixed annual interest rate on senior secured notes

Term loan spread SOFR + 2.25% Interest rate over term SOFR for New Term Loan

Term loan issue price 99.875% Issue price of New Term Loan as percentage of face

Current share price $21.43 Price before refinancing/rebranding news dated 2026-01-14

52-week range $9.2438–$26.78 Shares trading 131.83% above low and 19.98% below high

Market Reality Check

Price: $23.41 Vol: Volume 1,538,606 vs 20-da...

normal vol

$23.41 Last Close

Volume Volume 1,538,606 vs 20-day average 1,188,977, indicating elevated trading interest pre-announcement. normal

Technical Shares at $21.43 are trading above the 200-day MA of $16.65 and 19.98% below the 52-week high.

Peers on Argus

CMPO gained 3.08% while key peers PRLB, IIIN, RYI, WOR, and ESAB all showed nega...

CMPO gained 3.08% while key peers PRLB, IIIN, RYI, WOR, and ESAB all showed negative moves, indicating the action was stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Jan 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 12	Combination & rebrand	Positive	-6.2%	Closed Husky combination and rebranded corporate entity to GPGI, Inc.
Dec 24	Deal approval	Positive	+0.7%	Stockholders approved Class A issuance for Husky business combination.
Nov 03	Earnings & deal	Positive	+3.4%	Strong 3Q25 results and announcement of Husky combination and guidance.
Oct 27	Conference call notice	Neutral	+2.1%	Scheduled Q3 2025 earnings conference call and webcast logistics.
Oct 09	CFO appointment	Neutral	-3.7%	Announced appointment of new CFO and planned leadership transition.

Pattern Detected

Positive strategic and transaction news has sometimes seen mixed reactions, with the major Husky combination selloff contrasting with generally favorable responses to earnings and approval milestones.

Recent Company History

Over the past several months, CompoSecure (CMPO) has focused on its business combination with Husky Technologies and subsequent rebranding to GPGI. On Nov 3, 2025, the company reported strong 3Q25 results and announced the Husky deal, with shares rising 3.42%. Stockholders then approved share issuance for the transaction on Dec 24, 2025 (+0.67%). Completion of the combination and rebrand on Jan 12, 2026 triggered a -6.22% move, showing some divergence despite constructive fundamentals and guidance around the combined entity.

Market Pulse Summary

This announcement highlights a large-scale refinancing and capital structure repositioning following...

Analysis

This announcement highlights a large-scale refinancing and capital structure repositioning following the Husky combination and rebranding to GPGI. The company added $900.0 million in senior secured notes due 2033, a $1.2 billion term loan maturing 2033, and $400.0 million in revolver commitments to 2031. Management states this lowers the cost of capital and extends maturities, supporting strategic growth. Investors may watch how these obligations interact with the combined entity’s guidance and whether future filings further detail leverage and liquidity metrics.

Key Terms

senior secured notes, term loan facility, revolving credit facility, Rule 144A, +3 more

7 terms

senior secured notes financial

"its private placement of $900.0 million aggregate principal amount of senior secured notes due 2033"

Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.

term loan facility financial

"a new $1.2 billion term loan facility maturing in 2033 (the “New Term Loan”)"

A term loan facility is a type of loan provided by a lender that is repaid over a set period of time, usually with fixed payments. It functions like a large, upfront loan that a borrower agrees to pay back gradually, often used to fund major investments or projects. For investors, understanding a company's use of such loans helps assess its financial stability and risk level.

revolving credit facility financial

"to repay in full any outstanding borrowings under the issuer’s existing revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Rule 144A regulatory

"only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act"

Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.

Regulation S regulatory

"outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

prospectus regulatory

"will not be qualified for sale to the public by prospectus under applicable Canadian securities laws"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

qualified institutional buyers financial

"offered in the United States only to persons reasonably believed to be qualified institutional buyers"

Qualified institutional buyers are large organizations, like big investment firms or banks, that are allowed to buy certain types of investment opportunities not available to everyday investors. Their size and experience matter because it ensures they understand and can handle complex financial deals, making markets more efficient and secure.

AI-generated analysis. Not financial advice.

SOMERSET, N.J., Jan. 14, 2026 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NYSE: CMPO) (the “Company” or “CompoSecure”) today announced that CompoSecure Holdings, L.L.C (the “issuer”), a direct, wholly owned subsidiary of the Company, has closed (i) its private placement of $900.0 million aggregate principal amount of senior secured notes due 2033 (the “Notes”), (ii) a new $1.2 billion term loan facility maturing in 2033 (the “New Term Loan”), and (iii) $400.0 million in revolving commitments maturing in 2031 (the “New Revolving Loan”).

The Notes were issued at par and bear a fixed annual interest rate of 5.625%, payable semi-annually on February 1 and August 1 of each year. The New Term Loan bears interest at a rate of the term SOFR reference rate plus 2.25% and was issued at a price of 99.875% of the face amount.

The Company used the net proceeds from the New Term Loan, the incurrence of certain borrowings under the New Revolving Loan, and the issuance of the Notes, together with cash on hand, to repay in full any outstanding borrowings under the issuer’s existing revolving credit facility, to refinance in full its existing Term Loan B, and pay related fees and expenses. This refinancing lowers the Company’s overall cost of capital, extends maturities, and enhances liquidity and financial flexibility, strengthening the Company’s capital structure to support continued strategic growth initiatives.

The Notes are not registered under the Securities Act of 1933, as amended (“Securities Act”), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes were offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes were not and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada must be made on a basis which is exempt from the prospectus requirements of such securities laws.

On January 12, 2026, CompoSecure, Inc. announced that it is rebranding its corporate entity to GPGI, Inc (“GPGI”). On a go-forward basis, both CompoSecure and Husky will retain their existing trade names and will be two distinct reporting segments operating independently as part of GPGI. It is anticipated that the Company’s Class A common stock will begin trading under the new name and ticker symbol “GPGI” on the New York Stock Exchange at the opening of trading on January 23, 2026.         

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes, the related guarantees or any other security, and shall not constitute an offer, solicitation or sale of any securities in any state or jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

About GPGI

GPGI, Inc. is a diversified, multi-industry compounder comprised of companies with great positions in good industries. The platform is managed by Resolute Holdings Management, Inc. (NYSE: RHLD) and is purpose-built to acquire, own, and scale high-quality businesses led by great operators, benefiting from a permanent capital base and the systematic deployment of the Resolute Operating System. GPGI currently consists of CompoSecure and Husky Technologies – two market leaders with best-in-class financials and durable opportunities for growth. For more information, please visit gpgi.com.

Forward Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management. Although the Company believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies and events, and statements regarding the anticipated use of proceeds of the refinancing transactions described herein, are forward-looking statements. In some instances, these statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “outlook” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or the negatives of these terms or variations of them or similar terminology. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements which speak only as of the date hereof. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CompoSecure Contact
ir@composecure.com

FAQ

What debt instruments did CompoSecure (CMPO) close on Jan 14, 2026?

CompoSecure closed $900.0M senior secured notes due 2033, a $1.2B term loan due 2033 and $400.0M revolving commitments maturing in 2031.

What interest rates apply to CompoSecure's new notes and term loan (CMPO)?

The notes carry a fixed 5.625% coupon; the new term loan is at term SOFR + 2.25%.

How does the refinancing affect CompoSecure's liquidity and maturities (CMPO)?

Proceeds and cash repaid the prior revolver and Term Loan B, extending maturities to 2033 and enhancing liquidity.

When will CompoSecure (CMPO) begin trading under the new name and ticker GPGI?

Class A common stock is expected to trade under GPGI on the NYSE at opening on Jan 23, 2026.

Are the $900M notes registered for public resale in the U.S. or Canada (CMPO)?

No; the notes are privately placed and not registered in the U.S. or qualified for public sale in Canada.