Compass Minerals (NYSE: CMP) speeds $150M 6.750% 2027 note redemption
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Compass Minerals International, Inc. is fully redeeming its 6.750% Senior Notes due 2027. The company has called for redemption of $150,000,000 aggregate principal amount of these notes, to be paid at 100% of principal plus accrued and unpaid interest on March 30, 2026.
The notes will be redeemed with cash on hand as part of a broader balance sheet transformation and deleveraging plan for fiscal 2026. Management highlights that eliminating this debt ahead of maturity is intended to improve the company’s debt maturity profile and strengthen its overall financial position.
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Insights
Compass Minerals is retiring $150M of 6.750% 2027 notes early using cash on hand.
Compass Minerals has elected to redeem the entire $150,000,000 of its 6.750% Senior Notes due 2027 at par plus accrued interest on March 30, 2026. The company states this move accelerates its balance sheet transformation and deleveraging plan for fiscal 2026.
Funding the redemption with cash on hand reduces interest-bearing debt and removes a 2027 maturity, which the company describes as improving its maturity profile and financial position. The transaction lowers future interest obligations at the stated 6.750% coupon, while also drawing on existing liquidity.
Overall, retiring a sizeable fixed-rate bond issue ahead of schedule is a clear step toward lower leverage. The net effect on flexibility will depend on remaining liquidity and other debt commitments, which are not detailed here but will be reflected in subsequent financial statements.
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): March 20, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
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.
☐
Item 8.01 Other Events.
On March 20, 2026, Compass Minerals International, Inc. (“Compass Minerals”) delivered a notice of full redemption to Computershare Trust Company, N.A., as trustee (the “Trustee”), for its outstanding 6.750% Senior Notes due 2027 (the “2027 Notes”), pursuant to the indenture governing the 2027 Notes, dated as of November 26, 2019 (the “Indenture”).
On March 20, 2026, the Trustee provided notice of redemption to the holders of the 2027 Notes in accordance with the applicable procedures of The Depository Trust Company.
Compass Minerals has elected to redeem all $150,000,000 aggregate principal amount of the outstanding 2027 Notes. The 2027 Notes will be redeemed on March 30, 2026 (the “Redemption Date”) at a redemption price equal to 100.00% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date, in accordance with the terms of the Indenture.
Item 7.01 Regulation FD Disclosure.
On March 24, 2026, the Company issued a press release announcing the redemption. The press release is attached as Exhibit 99.1 and is incorporated by reference.
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 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Exhibit Description | |||||||
99.1 | Press Release of Compass Minerals International, Inc., dated March 24, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
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.
COMPASS MINERALS INTERNATIONAL, INC. | ||||||||
Date: March 24, 2026 | By: | /s/ Peter Fjellman | ||||||
| Name: Peter Fjellman | ||||||||
Title: Chief Financial Officer | ||||||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
Compass Minerals Continues Balance Sheet
Transformation and Deleveraging
Company Announces Full Redemption of 6.750% Senior Notes due 2027
OVERLAND PARK, Kan. (March 24, 2026) - Compass Minerals International, Inc. (NYSE: CMP) (“Compass Minerals” or the “Company”) has accelerated its ongoing balance sheet transformation and deleveraging plan with today’s announcement that the Company has issued a notice of full redemption for the $150 million aggregate principal amount outstanding of its 6.750% Senior Notes due 2027 (the “2027 Notes”).
Peter Fjellman, chief financial officer, commented, “One of our top priorities for fiscal 2026 is to execute on a decisive deleveraging plan. We are pleased to use our strong liquidity to pay down this debt ahead of schedule. This redemption and the resulting improved maturity profile demonstrate our commitment to improving the company’s financial position.”
The 2027 Notes will be redeemed on March 30, 2026 (the “Redemption Date”) with cash on hand at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date.
A notice of redemption was 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 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.
Forward-Looking Statements and Other Disclaimers
This press release may contain forward-looking statements. 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.
Investor Contact | Media Contact | ||||
Brent Collins | Kevin Gabriel | ||||
Vice President, Treasurer & Investor Relations | Senior Director, Corporate Affairs | ||||
+1.913.344.9111 | +1.913.344.9265 | ||||
InvestorRelations@compassminerals.com | MediaRelations@compassminerals.com | ||||
FAQ
What did Compass Minerals (CMP) announce regarding its 2027 Senior Notes?
Compass Minerals announced a full redemption of its 6.750% Senior Notes due 2027. The company will redeem $150,000,000 aggregate principal amount at 100% of principal plus accrued and unpaid interest, as part of an accelerated balance sheet deleveraging plan.
How much of Compass Minerals’ 6.750% Senior Notes will be redeemed?
Compass Minerals will redeem the entire $150,000,000 aggregate principal amount of its 6.750% Senior Notes due 2027. The notes will be taken out at a redemption price equal to 100% of principal, plus accrued and unpaid interest to the redemption date.
When is the redemption date for Compass Minerals’ 2027 Notes and at what price?
The 6.750% Senior Notes due 2027 will be redeemed on March 30, 2026. Holders will receive 100% of the principal amount of each note, plus accrued and unpaid interest thereon to, but excluding, the March 30, 2026 redemption date, per the indenture terms.
How will Compass Minerals fund the redemption of its 2027 Senior Notes?
Compass Minerals states that the 6.750% Senior Notes due 2027 will be redeemed using cash on hand. Management describes this as part of a decisive deleveraging plan for fiscal 2026, intended to improve the company’s debt maturity profile and overall financial position.
Why is Compass Minerals redeeming its 2027 Notes ahead of maturity?
Company leadership characterizes the redemption as a key step in an accelerated balance sheet transformation and deleveraging plan. Retiring the 6.750% Senior Notes due 2027 early is described as improving the company’s maturity profile and supporting efforts to strengthen its financial position in fiscal 2026.
Did Compass Minerals issue a press release about the 2027 Notes redemption?
Yes. Compass Minerals issued a press release dated March 24, 2026 announcing the full redemption of its 6.750% Senior Notes due 2027. That release, filed as Exhibit 99.1, outlines the $150,000,000 principal amount, redemption date, pricing terms and deleveraging objectives.
Filing Exhibits & Attachments
4 documents
Compass Minerals Intl Inc
NYSE:CMP
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1.01B
31.26M
Other Industrial Metals & Mining
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
United States
OVERLAND PARK