Compass Diversified Holdings LLC and Compass Group Diversified Holdings LLC on March 13 commenced and closed the sale of 4 million of Compass Diversified Holdings' 7.875% series B fixed-to-floating rate cumulative preferred shares.
Each series B preferred share corresponds to one underlying 7.875% series B fixed-to-floating rate cumulative trust preferred interest of Compass Group Diversified Holdings that was issued simultaneously to Compass Diversified Holdings.
Compass Group Diversified Holdings, at its option, may cause Compass Diversified Holdings to redeem the series B preferred shares, in whole or in part, at any time on or after April 30, 2028, at a price of $25.00 per series B preferred share, plus accumulated and unpaid distributions thereon to but excluding the redemption date. Holders of the series B preferred shares will have no right to require the redemption of the series B preferred shares.
