<p>/PRNewswire/ -- Compass, Inc. (NYSE: COMP)（“公司”）今天宣布其 850.0 百万美元可转换高级票据（“票据”）的定价，该票据到期于 2031 年，属于私人发行，这比之前宣布的发行规模增加了 100.0 百万美元。公司还授予票据的初始购买者在票据首次发行之日起的 13 天内，购买最多 150.0 百万美元的票据的选择权。票据的发行及下文所述的限制性回购交易预计将在 2026 年 1 月 9 日左右完成，具体取决于惯常的成交条件。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/599202/Compass_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/599202/Compass_Logo.jpg"/></p>
<p>票据将是公司的高级无担保义务，并将由公司所有担保其现有循环信贷设施的子公司共同和分别担保。公司打算将发行所得的净收益用于一般企业用途，包括（i）在与 Anywhere Real Estate Inc.（“Anywhere”）的合并（“合并”）完成的情况下，偿还合并时 Anywhere 及其子公司的某些现有债务，包括 Anywhere 的循环信贷设施下的借款及与合并相关的费用、成本和支出，以及（ii）为下文所述的限制性回购交易的净成本提供资金。</p>
<p>票据的年利率为 0.25%。票据将于 2031 年 4 月 15 日到期，除非提前回购、赎回或转换。票据的初始转换比例为每 1000 美元票据面值 62.5626 股公司的 A 类普通股（相当于每股公司 A 类普通股约 15.98 美元的初始转换价格），这比 2026 年 1 月 7 日纽约证券交易所上公司 A 类普通股的最后成交价高出约 35.0% 的转换溢价。</p>
<p>在 2031 年 1 月 15 日之前，票据仅在满足某些条件和特定期间内可转换，之后可在到期日前的第二个计划交易日结束前的任何时间进行转换。公司将通过支付和/或交付现金、A 类普通股或现金与 A 类普通股的组合来满足任何转换选择，具体由公司决定。此外，票据可在公司选择的任何时间、从而在 2029 年 4 月 20 日及到期日前的第 40 个计划交易日之前的任何时间部分或全部赎回，前提是满足某些条件。</p>
<p>在票据定价的过程中，公司与某些初始购买者或其关联方以及其他金融机构（“对手方”）进行了私下协商的限制性回购交易。这些限制性回购交易涵盖了票据所对应的公司 A 类普通股的股份数量，受某些惯常调整的限制。如果初始购买者行使其购买额外票据的选择权，则公司预计将与对手方签订额外的限制性回购交易。限制性回购交易的上限价格最初为每股 23.68 美元，较 2026 年 1 月 7 日公司 A 类普通股的最后成交价溢价 100.0%，并根据限制性回购交易的条款进行某些调整。</p>
<p>公司预计，在建立限制性回购交易的初始对冲时，对手方或其各自的关联方将在票据定价时或不久后购买公司的 A 类普通股和/或与公司 A 类普通股相关的各种衍生交易。这些活动可能会增加（或减少任何下降的幅度）当时 A 类普通股或票据的市场价格。此外，对手方或其各自的关联方可能会通过进入或解除与公司 A 类普通股相关的各种衍生品以及在票据定价后和票据到期前的二级市场交易中购买或出售 A 类普通股或其他证券来调整其对冲头寸。这种活动也可能导致或避免 A 类普通股或票据市场价格的上涨或下跌，这可能影响票据持有者转换票据的能力，并且在任何与票据转换相关的观察期内发生的活动可能会影响票据持有者在转换票据时将收到的公司 A 类普通股的数量和对价的价值。</p>
<p>本票（包括相关担保）仅向合理相信是合格机构买家的人员提供，依据《1933 年证券法》（修订版）第 144A 条款进行。本新闻稿不构成出售本票（及相关担保）的要约或购买本票（及相关担保）的要约邀请。任何本票（及相关担保）的要约仅通过私人发行备忘录进行。本票（及相关担保）的发行和销售以及在转换本票时可能发行的公司 A 类普通股尚未根据《证券法》或任何其他司法管辖区的证券法进行注册，且本票（及相关担保）不得在美国提供或销售，除非已注册或符合适用的注册豁免要求。</p>
<p><strong>关于指南针</strong></p>
<p>指南针是一家领先的科技驱动房地产服务公司，是美国销售额最大的住宅房地产经纪公司。公司成立于 2012 年，总部位于纽约市，指南针提供一个端到端的平台，使其自有经纪公司的住宅房地产代理能够为卖方和买方客户提供卓越的服务。该平台包括一整套基于云的软件，涵盖客户关系管理、市场营销、客户服务、经纪服务及其他关键功能，所有功能均为房地产行业量身定制。指南针的代理利用该平台发展业务、节省时间并更高效地管理业务。</p>
<p><strong>无要约或邀请</strong></p>
<p>本新闻稿仅供信息参考，不构成购买、订阅或购买任何证券的要约或邀请，也不构成在任何司法管辖区内就拟议交易或其他事项的任何投票或批准的邀请，且在任何司法管辖区内不得以违反适用法律的方式出售、发行或转让证券。</p>
<p><strong>前瞻性声明</strong></p>
<p>关于本票发行及其预期收益使用的声明为 “前瞻性声明”，并受到已知和未知的风险和不确定性的影响，这些风险和不确定性可能导致实际结果与这些前瞻性声明中表达的结果有重大差异。这些风险和不确定性包括但不限于完成本票发行的能力、按预期时间完成与 Anywhere 的合并的能力或根本无法完成，或可能导致合并协议终止的任何事件、变化或其他情况或条件的发生、对封顶交易的影响的预期以及对交易对手及/或其各自附属公司的行为的预期，以及可能影响本票发行的一般市场条件。有关这些及其他重要风险和不确定性的更多信息，请参阅公司向证券交易委员会（“SEC”）提交的文件，包括在公司截至 2024 年 12 月 31 日的年度报告的 “前瞻性声明说明” 和 “风险因素” 标题下的内容，以及在公司截至 2025 年 9 月 30 日的季度报告的 “前瞻性声明特别说明” 和 “风险因素” 标题下的内容，均已于 2025 年 2 月 25 日和 2025 年 11 月 5 日向 SEC 提交。公司没有义务更新任何前瞻性声明以反映后续事件或情况，法律要求的除外。</p>
<p><strong>投资者联系</strong> Soham Bhonsle</p>
<p>soham.bhonsle@compass.com</p>
<p><strong>媒体联系</strong></p>
<p>Devin Daly Huerta</p>
<p>devin.daly@compass.com</p>
<p>来源：COMPASS</p>

指南针

<p>指南针公司（Compass, Inc.）已宣布定价 8.5 亿美元的可转换高级票据，到期时间为 2031 年，比之前的发行增加了 1 亿美元。这些票据的年利率为 0.25%，预计将在 2031 年 4 月 15 日到期。公司计划将所得款项用于一般企业用途，包括与 Anywhere Real Estate Inc.合并相关的潜在债务偿还。初始转换价格设定为每股约 15.98 美元，转换溢价为 35%</p>

<p>, /PRNewswire/ -- Compass, Inc. (NYSE: COMP) (the &#34;Company&#34;), today announced the pricing of its offering of $850.0 million in aggregate principal amount of convertible senior notes due 2031 (the &#34;Notes&#34;) in a private offering, which represents a $100.0 million increase from the previously announced size of the offering. The Company also granted the initial purchasers of the Notes an option to purchase up to an additional $150.0 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the date on which the Notes are initially issued. The offering of the Notes and the capped call transactions described below are expected to be completed on or about January 9, 2026, subject to customary closing conditions.</p>
<div class="lb-trans"><p>/PRNewswire/ -- Compass, Inc. (NYSE: COMP)（“公司”）今天宣布其 850.0 百万美元可转换高级票据（“票据”）的定价，该票据到期于 2031 年，属于私人发行，这比之前宣布的发行规模增加了 100.0 百万美元。公司还授予票据的初始购买者在票据首次发行之日起的 13 天内，购买最多 150.0 百万美元的票据的选择权。票据的发行及下文所述的限制性回购交易预计将在 2026 年 1 月 9 日左右完成，具体取决于惯常的成交条件。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/599202/Compass_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/599202/Compass_Logo.jpg"/></p>
<p>The Notes will be the Company's senior unsecured obligations and will be jointly and severally guaranteed on a senior unsecured basis by each of the Company's subsidiaries that guarantees the Company's existing revolving credit facility. The Company intends to use the net proceeds from the offering for general corporate purposes, which will include (i) to the extent that the previously announced merger with Anywhere Real Estate Inc. (&#34;Anywhere&#34;) is completed (the &#34;Merger&#34;), the repayment of certain existing indebtedness of Anywhere and its subsidiaries at closing of the Merger, including borrowings under Anywhere's revolving credit facility and payment of fees, costs and expenses related to the Merger and (ii) the funding of the net cost of entering into the capped call transactions described below.</p>
<div class="lb-trans"><p>票据将是公司的高级无担保义务，并将由公司所有担保其现有循环信贷设施的子公司共同和分别担保。公司打算将发行所得的净收益用于一般企业用途，包括（i）在与 Anywhere Real Estate Inc.（“Anywhere”）的合并（“合并”）完成的情况下，偿还合并时 Anywhere 及其子公司的某些现有债务，包括 Anywhere 的循环信贷设施下的借款及与合并相关的费用、成本和支出，以及（ii）为下文所述的限制性回购交易的净成本提供资金。</p>
</div><p>The Notes will bear interest at the rate of 0.25% per annum. The Notes will mature on April 15, 2031, unless earlier repurchased, redeemed or converted. The initial conversion rate for the Notes is 62.5626 shares of the Company's Class A common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $15.98 per share of the Company's Class A common stock), which represents an approximately 35.0% conversion premium over the last reported sale price of the Company's Class A common stock on the New York Stock Exchange on January 7, 2026.</p>
<div class="lb-trans"><p>票据的年利率为 0.25%。票据将于 2031 年 4 月 15 日到期，除非提前回购、赎回或转换。票据的初始转换比例为每 1000 美元票据面值 62.5626 股公司的 A 类普通股（相当于每股公司 A 类普通股约 15.98 美元的初始转换价格），这比 2026 年 1 月 7 日纽约证券交易所上公司 A 类普通股的最后成交价高出约 35.0% 的转换溢价。</p>
</div><p>Prior to January 15, 2031, the Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Company will satisfy any conversion elections by paying and/or delivering, as the case may be, cash, shares of its Class A common stock or a combination of cash and shares of its Class A common stock, at the Company's election. Separately, the Notes will be redeemable, in whole or in part, at the Company's option at any time, and from time to time, on or after April 20, 2029 and on or before the 40th scheduled trading day immediately before the maturity date upon the satisfaction of certain conditions.</p>
<div class="lb-trans"><p>在 2031 年 1 月 15 日之前，票据仅在满足某些条件和特定期间内可转换，之后可在到期日前的第二个计划交易日结束前的任何时间进行转换。公司将通过支付和/或交付现金、A 类普通股或现金与 A 类普通股的组合来满足任何转换选择，具体由公司决定。此外，票据可在公司选择的任何时间、从而在 2029 年 4 月 20 日及到期日前的第 40 个计划交易日之前的任何时间部分或全部赎回，前提是满足某些条件。</p>
</div><p>In connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions with certain of the initial purchasers of the Notes or their affiliates and certain other financial institutions (the &#34;counterparties&#34;). The capped call transactions cover, subject to certain customary adjustments, the number of shares of the Company's Class A common stock underlying the Notes. If the initial purchasers exercise their option to purchase additional Notes, then the Company expects to enter into additional capped call transactions with the counterparties. The cap price of the capped call transactions will initially be $23.68 per share, which represents a premium of 100.0% over the last reported sale price of the Company's Class A common stock on January 7, 2026, and is subject to certain adjustments under the terms of the capped call transactions.</p>
<div class="lb-trans"><p>在票据定价的过程中，公司与某些初始购买者或其关联方以及其他金融机构（“对手方”）进行了私下协商的限制性回购交易。这些限制性回购交易涵盖了票据所对应的公司 A 类普通股的股份数量，受某些惯常调整的限制。如果初始购买者行使其购买额外票据的选择权，则公司预计将与对手方签订额外的限制性回购交易。限制性回购交易的上限价格最初为每股 23.68 美元，较 2026 年 1 月 7 日公司 A 类普通股的最后成交价溢价 100.0%，并根据限制性回购交易的条款进行某些调整。</p>
</div><p>The Company expects that, in connection with establishing their initial hedge of the capped call transactions, the counterparties or their respective affiliates will purchase shares of the Company's Class A common stock and/or enter into various derivative transactions with respect to the Company's Class A common stock concurrently with, or shortly after, the pricing of the Notes, including potentially with certain investors in the Notes. These activities could increase (or reduce the size of any decrease in) the market price of the Class A common stock or the Notes at that time. In addition, the counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Company's Class A common stock and/or purchasing or selling shares of Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period relating to a conversion of the Notes). This activity could also cause or avoid an increase or a decrease in the market price of the Class A common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, could affect the number of shares of the Company's Class A common stock and value of the consideration that noteholders will receive upon conversion of the Notes.</p>
<div class="lb-trans"><p>公司预计，在建立限制性回购交易的初始对冲时，对手方或其各自的关联方将在票据定价时或不久后购买公司的 A 类普通股和/或与公司 A 类普通股相关的各种衍生交易。这些活动可能会增加（或减少任何下降的幅度）当时 A 类普通股或票据的市场价格。此外，对手方或其各自的关联方可能会通过进入或解除与公司 A 类普通股相关的各种衍生品以及在票据定价后和票据到期前的二级市场交易中购买或出售 A 类普通股或其他证券来调整其对冲头寸。这种活动也可能导致或避免 A 类普通股或票据市场价格的上涨或下跌，这可能影响票据持有者转换票据的能力，并且在任何与票据转换相关的观察期内发生的活动可能会影响票据持有者在转换票据时将收到的公司 A 类普通股的数量和对价的价值。</p>
</div><p>The Notes (including the related guarantees) are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the &#34;Securities Act&#34;). This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes (and the related guarantees). Any offers of the Notes (and the related guarantees) will be made only by means of a private offering memorandum. The offer and sale of the Notes (and the related guarantees) and the shares of the Company's Class A common stock issuable upon conversion of the Notes, if any, have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and the Notes (and related guarantees) may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.</p>
<div class="lb-trans"><p>本票（包括相关担保）仅向合理相信是合格机构买家的人员提供，依据《1933 年证券法》（修订版）第 144A 条款进行。本新闻稿不构成出售本票（及相关担保）的要约或购买本票（及相关担保）的要约邀请。任何本票（及相关担保）的要约仅通过私人发行备忘录进行。本票（及相关担保）的发行和销售以及在转换本票时可能发行的公司 A 类普通股尚未根据《证券法》或任何其他司法管辖区的证券法进行注册，且本票（及相关担保）不得在美国提供或销售，除非已注册或符合适用的注册豁免要求。</p>
</div><p><strong>About Compass</strong></p>
<div class="lb-trans"><p><strong>关于指南针</strong></p>
</div><p>Compass is a leading tech-enabled real estate services company that includes the largest residential real estate brokerage in the United States by sales volume. Founded in 2012 and based in New York City, Compass provides an end-to-end platform that empowers its residential real estate agents at its owned-brokerage to deliver exceptional service to seller and buyer clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services, and other critical functionality, all custom-built for the real estate industry. Compass agents utilize the platform to grow their business, save time, and manage their business more efficiently.</p>
<div class="lb-trans"><p>指南针是一家领先的科技驱动房地产服务公司，是美国销售额最大的住宅房地产经纪公司。公司成立于 2012 年，总部位于纽约市，指南针提供一个端到端的平台，使其自有经纪公司的住宅房地产代理能够为卖方和买方客户提供卓越的服务。该平台包括一整套基于云的软件，涵盖客户关系管理、市场营销、客户服务、经纪服务及其他关键功能，所有功能均为房地产行业量身定制。指南针的代理利用该平台发展业务、节省时间并更高效地管理业务。</p>
</div><p><strong>No Offer or Solicitation</strong></p>
<div class="lb-trans"><p><strong>无要约或邀请</strong></p>
</div><p>This press release is for informational purposes only and is not intended to and does not constitute an offer to buy, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.</p>
<div class="lb-trans"><p>本新闻稿仅供信息参考，不构成购买、订阅或购买任何证券的要约或邀请，也不构成在任何司法管辖区内就拟议交易或其他事项的任何投票或批准的邀请，且在任何司法管辖区内不得以违反适用法律的方式出售、发行或转让证券。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性声明</strong></p>
</div><p>Statements regarding the offering of the Notes and the expected use of proceeds therefrom are &#34;forward-looking statements&#34; and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability to complete the offering of the Notes, the ability to complete the Merger with Anywhere on the expected timeline or at all or the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, expectations regarding the effect of the capped call transactions and regarding actions of the counterparties and/or their respective affiliates, and general market conditions which might affect the offering of the Notes. Additional information concerning these and other important risks and uncertainties can be found in the Company's filings with the Securities and Exchange Commission (the &#34;SEC&#34;), including under the captions &#34;Note Regarding Forward-Looking Statements&#34; and &#34;Risk Factors&#34; in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 25, 2025, under the captions &#34;Special Note Regarding Forward-Looking Statements&#34; and &#34;Risk Factors&#34; in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, as filed with the SEC on November 5, 2025 and the Company's subsequent filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law.</p>
<div class="lb-trans"><p>关于本票发行及其预期收益使用的声明为 “前瞻性声明”，并受到已知和未知的风险和不确定性的影响，这些风险和不确定性可能导致实际结果与这些前瞻性声明中表达的结果有重大差异。这些风险和不确定性包括但不限于完成本票发行的能力、按预期时间完成与 Anywhere 的合并的能力或根本无法完成，或可能导致合并协议终止的任何事件、变化或其他情况或条件的发生、对封顶交易的影响的预期以及对交易对手及/或其各自附属公司的行为的预期，以及可能影响本票发行的一般市场条件。有关这些及其他重要风险和不确定性的更多信息，请参阅公司向证券交易委员会（“SEC”）提交的文件，包括在公司截至 2024 年 12 月 31 日的年度报告的 “前瞻性声明说明” 和 “风险因素” 标题下的内容，以及在公司截至 2025 年 9 月 30 日的季度报告的 “前瞻性声明特别说明” 和 “风险因素” 标题下的内容，均已于 2025 年 2 月 25 日和 2025 年 11 月 5 日向 SEC 提交。公司没有义务更新任何前瞻性声明以反映后续事件或情况，法律要求的除外。</p>
</div><p><strong>Investor Contact</strong> Soham Bhonsle</p>
<div class="lb-trans"><p><strong>投资者联系</strong> Soham Bhonsle</p>
</div><p>soham.bhonsle@compass.com</p>
<div class="lb-trans"><p>soham.bhonsle@compass.com</p>
</div><p><strong>Media Contact</strong></p>
<div class="lb-trans"><p><strong>媒体联系</strong></p>
</div><p>Devin Daly Huerta</p>
<div class="lb-trans"><p>Devin Daly Huerta</p>
</div><p>devin.daly@compass.com</p>
<div class="lb-trans"><p>devin.daly@compass.com</p>
</div><p>SOURCE COMPASS</p>
<div class="lb-trans"><p>来源：COMPASS</p>
</div>

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