CompoSecure Streamlines Governance with Acquisition and New Credit Terms

The latest update is out from CompoSecure (CMPO).

Resolute Holdings I, LP is set to acquire a majority interest in a company, aiming to streamline its governance by removing the dual-class stock structure. This significant financial move, which hinges on regulatory approval and standard closing conditions, also involves strategic amendments to a Tax Receivable Agreement and the implementation of a new credit agreement with improved terms. The company’s restructuring is expected to affect its exchangeable notes, signaling a pivotal shift that has been publicly announced to keep stakeholders informed.

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