Compass, Inc. Enters Material Definitive Agreement

TL;DR

Compass Inc. just signed a big deal creating a new financial obligation. Details TBD.

AI Summary

On November 17, 2025, Compass, Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates the company entered into a new agreement that creates a financial obligation for Compass, Inc. Further details regarding the specific nature of the agreement and the financial obligation are not provided in this summary section of the filing.

Why It Matters

This filing signals a new financial commitment or obligation for Compass, Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation without immediate detail on its terms introduces uncertainty regarding the company's financial future.

Key Players & Entities

• Compass, Inc. (company) — Registrant
• November 17, 2025 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 001-40291 (identifier) — SEC File Number
• 30-0751604 (identifier) — IRS Employer Identification No.
• 110 Fifth Avenue, 4th Floor New York, New York 10011 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.00001 — hich Registered Class A Common Stock, $0.00001 par value per share COMP The New York S
• $250 million — ts from lenders in an initial amount of $250 million (the "Revolving Credit Facility"). The
• $500 million — $250 million to an aggregate amount of $500 million to the extent the contemplated merger w
• $100 million — includes a letter of credit sublimit of $100 million (which will automatically increase to $
• $170 million — n (which will automatically increase to $170 million to the extent the Anywhere Merger is co
• $50 million — d lien and unsecured notes if more than $50 million of such series of notes are at such tim
• $150 m — the Credit Agreement) level of at least $150 million, (ii) a minimum Consolidated Tota
• $4 billion — ed in the Credit Agreement) of at least $4 billion and (iii) a minimum Total Net Leverage

Filing Documents

• comp-20251117.htm (8-K) — 45KB
• exhibit.htm (EX-10.1) — 1232KB
• 0001563190-25-000202.txt ( ) — 1620KB
• comp-20251117.xsd (EX-101.SCH) — 2KB
• comp-20251117_lab.xml (EX-101.LAB) — 22KB
• comp-20251117_pre.xml (EX-101.PRE) — 13KB
• comp-20251117_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 17, 2025, Compass, Inc. (the "Company") entered into a Revolving Credit and Guaranty Agreement (the "Credit Agreement") with Morgan Stanley Senior Funding, Inc., as administrative agent and as collateral agent (the "Administrative Agent") and a syndicate of other lenders. Under the Credit Agreement, the Company obtained revolving commitments from lenders in an initial amount of $250 million (the "Revolving Credit Facility"). The lenders' commitments under the Revolving Credit Facility will automatically increase by $250 million to an aggregate amount of $500 million to the extent the contemplated merger with Anywhere Real Estate Inc. ("Anywhere" and such merger, the "Anywhere Merger") is consummated. The Revolving Credit Facility also includes a letter of credit sublimit of $100 million (which will automatically increase to $170 million to the extent the Anywhere Merger is consummated). The Company's obligations under the Revolving Credit Facility are guaranteed by certain of the Company's subsidiaries and are secured by a first priority security interest in substantially all of the assets of the Company and the Company's subsidiary guarantors, subject to customary exceptions. Borrowings under the Revolving Credit Facility bear interest at Term SOFR (as defined in the Credit Agreement) plus an applicable rate between 1.50% and 2.25% per annum, based on a pricing grid in which the levels are set based on the Company's Total Net Leverage Ratio (as defined in the Credit Agreement). The Company is also obligated to pay other customary fees under the Revolving Credit Facility, including (i) a commitment fee to the lenders on amounts they have committed, which are unused, of between 0.175% and 0.35% per annum, based on a pricing grid in which the levels are set based on the Company's Total Net Leverage Ratio, (ii) fees associated with the issuance of letters of credit, (iii) administrative agent fe

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Title or Description 10.1* Revolving Credit and Guaranty Agreement by and among Compass, Inc., the Obligors party thereto, Morgan Stanley Senior Funding, Inc., the Lenders, and Issuing Banks party thereto, dated as of November 17, 2025. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. *Annexes, schedules and/or exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K promulgated by the Securities and Exchange Commission (the "SEC"). The Company agrees to furnish supplementally a copy of any omitted annexes, schedules or exhibits to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. COMPASS, INC. Date: November 17, 2025 By: /s/ Scott Wahlers Scott Wahlers Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR