Compass Minerals International Inc (CMP) just unveiled an update.
Compass Minerals International, Inc. has revised its credit agreement to provide more flexibility for its financial operations. This amendment, effective March 27, 2024, extends the amendment period and adjusts the financial covenants, including debt limitations and restricted subsidiary payments, to better accommodate a range of operational scenarios. Alongside these changes, the company has also restricted its latitude concerning lithium development ventures. This strategic financial move was announced via a press release, signaling Compass Minerals’ commitment to maintaining a robust financial structure amidst evolving market conditions.
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