Compass Inc. has successfully completed a private offering of $1 billion in convertible senior notes. The offering was upsized from initial plans, reflecting strong investor demand.
Legal advisory for the transaction was provided by Paul Hastings LLP for the initial purchasers and Kirkland & Ellis for Compass Inc.
**Why this matters**
The capital raised through this offering provides Compass with additional financial flexibility to support its growth initiatives. Convertible senior notes can offer a cost-effective way to raise funds while potentially limiting immediate dilution for existing shareholders.