CompoSecure Inc. shares continued to climb on Thursday, marking a third consecutive day of gains. The stock rose 7.86 percent to close at $25.25.
Investors reacted to the company's announcement of a debt reduction initiative and its recent rebranding plans.
In a statement, CompoSecure said it reduced existing debt after raising approximately $2.5 billion. The funds came from $900 million in senior secured notes due 2033, a new $1.2 billion term loan facility, and $400 million in revolving commitments due 2031.
The notes offer a 5.625 percent annual yield, with payments scheduled semi-annually on February 1 and August 1 each year until maturity. The term loan carries an interest rate based on the standard overnight financing rate plus 2.25 percent and was issued at 99.875 percent of face value.
"This refinancing lowers the company’s overall cost of capital, extends maturities, and enhances liquidity and financial flexibility, strengthening the Company’s capital structure to support continued strategic growth initiatives," CompoSecure said.
Separately, CompoSecure announced on Monday it plans to rebrand as GPGI Inc., which stands for "Great Positions in Good Industries." The company's ticker symbol will change from CMPO to GPGI starting January 23, 2026.
The rebranding follows a merger with Husky Technologies Ltd. that valued the combined entity at $7.4 billion.