05:33 PM EDT, 06/03/2025 (MT Newswires) -- Compass Minerals International ( CMP ) said Tuesday that it priced a $650 million private offering of 8% senior notes due 2030.

The offering is expected to close on or about June 16, according to the company.

Net proceeds from the offering will be used to repay all outstanding amounts under the senior unsecured facility, redeem $360 million of outstanding 6.75% senior notes due 2027, payment of fees and expenses, provide additional cash on the balance sheet, and for general corporate purposes, Compass Minerals ( CMP ) added.

Compass Minerals ( CMP ) shares were down 1.9% in recent after-hours activity.