Compass Secures $250 Million Revolving Credit Facility with Morgan Stanley and Lenders
Reuters
Nov 18
Compass Secures $250 Million Revolving Credit Facility with <a href="https://laohu8.com/S/MTK">Morgan Stanley</a> and Lenders
Compass Inc. has entered into a new Revolving Credit and Guaranty Agreement with Morgan Stanley Senior Funding, Inc., acting as administrative and collateral agent, along with a syndicate of other lenders. The agreement secures Compass an initial $250 million in revolving loan commitments, with the facility set to automatically increase to $500 million if the planned merger with Anywhere Real Estate Inc. is completed. The credit facility also features a $100 million letter of credit sublimit and includes customary financial covenants and restrictions. Compass has the option to repay or reduce the commitments without premium or penalty. The agreement includes standard events of default and is designed to support Compass's financial flexibility during and after the merger process.
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