Compass Group considering new $200 million term loan

By Sara Rosenberg

New York, Nov. 9 - Compass Group Diversified Holdings LLC is considering getting a new $200 million term loan (B1/BB-), company officials said in a conference call Friday.

Pricing on the term loan is expected to be Libor plus 400 basis points, officials said.

Proceeds from the term loan would be used for acquisitions and to refinance existing debt.

Compass Group is a Westport, Conn., acquirer and manager of small- to middle-market businesses.

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