08:01 AM EDT, 07/28/2025 (MT Newswires) -- Compass Diversified ( CODI ) said Monday that its lenders have agreed to a second forbearance deal, which extends the previous agreement until Oct. 24.

The lenders have also increased the amount available on Compass Diversified's ( CODI ) $100 million revolving credit facility during the forbearance period to $60 million from $40 million, the company said.

Compass Diversified ( CODI ) said the first forbearance deal was agreed upon on May 22 following its investigation into financial and accounting irregularities at its Lugano Holdings subsidiary. The investigation identified irregularities in Lugano's financing, accounting, and inventory practices, the company said.

Shares of Compass Diversified ( CODI ) were up 1% in recent premarket activity Monday.