<p>/PRNewswire/ -- Compass, Inc. (NYSE: COMP)（“公司”）今天宣佈其 850.0 百萬美元可轉換高級票據（“票據”）的定價，該票據到期於 2031 年，屬於私人發行，這比之前宣佈的發行規模增加了 100.0 百萬美元。公司還授予票據的初始購買者在票據首次發行之日起的 13 天內，購買最多 150.0 百萬美元的票據的選擇權。票據的發行及下文所述的限制性回購交易預計將在 2026 年 1 月 9 日左右完成，具體取決於慣常的成交條件。</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>票據將是公司的高級無擔保義務，並將由公司所有擔保其現有循環信貸設施的子公司共同和分別擔保。公司打算將發行所得的淨收益用於一般企業用途，包括（i）在與 Anywhere Real Estate Inc.（“Anywhere”）的合併（“合併”）完成的情況下，償還合併時 Anywhere 及其子公司的某些現有債務，包括 Anywhere 的循環信貸設施下的借款及與合併相關的費用、成本和支出，以及（ii）為下文所述的限制性回購交易的淨成本提供資金。</p>
<p>票據的年利率為 0.25%。票據將於 2031 年 4 月 15 日到期，除非提前回購、贖回或轉換。票據的初始轉換比例為每 1000 美元票據面值 62.5626 股公司的 A 類普通股（相當於每股公司 A 類普通股約 15.98 美元的初始轉換價格），這比 2026 年 1 月 7 日紐約證券交易所上公司 A 類普通股的最後成交價高出約 35.0% 的轉換溢價。</p>
<p>在 2031 年 1 月 15 日之前，票據僅在滿足某些條件和特定期間內可轉換，之後可在到期日前的第二個計劃交易日結束前的任何時間進行轉換。公司將通過支付和/或交付現金、A 類普通股或現金與 A 類普通股的組合來滿足任何轉換選擇，具體由公司決定。此外，票據可在公司選擇的任何時間、從而在 2029 年 4 月 20 日及到期日前的第 40 個計劃交易日之前的任何時間部分或全部贖回，前提是滿足某些條件。</p>
<p>在票據定價的過程中，公司與某些初始購買者或其關聯方以及其他金融機構（“對手方”）進行了私下協商的限制性回購交易。這些限制性回購交易涵蓋了票據所對應的公司 A 類普通股的股份數量，受某些慣常調整的限制。如果初始購買者行使其購買額外票據的選擇權，則公司預計將與對手方簽訂額外的限制性回購交易。限制性回購交易的上限價格最初為每股 23.68 美元，較 2026 年 1 月 7 日公司 A 類普通股的最後成交價溢價 100.0%，並根據限制性回購交易的條款進行某些調整。</p>
<p>公司預計，在建立限制性回購交易的初始對沖時，對手方或其各自的關聯方將在票據定價時或不久後購買公司的 A 類普通股和/或與公司 A 類普通股相關的各種衍生交易。這些活動可能會增加（或減少任何下降的幅度）當時 A 類普通股或票據的市場價格。此外，對手方或其各自的關聯方可能會通過進入或解除與公司 A 類普通股相關的各種衍生品以及在票據定價後和票據到期前的二級市場交易中購買或出售 A 類普通股或其他證券來調整其對沖頭寸。這種活動也可能導致或避免 A 類普通股或票據市場價格的上漲或下跌，這可能影響票據持有者轉換票據的能力，並且在任何與票據轉換相關的觀察期內發生的活動可能會影響票據持有者在轉換票據時將收到的公司 A 類普通股的數量和對價的價值。</p>
<p>本票（包括相關擔保）僅向合理相信是合格機構買家的人員提供，依據《1933 年證券法》（修訂版）第 144A 條款進行。本新聞稿不構成出售本票（及相關擔保）的要約或購買本票（及相關擔保）的要約邀請。任何本票（及相關擔保）的要約僅通過私人發行備忘錄進行。本票（及相關擔保）的發行和銷售以及在轉換本票時可能發行的公司 A 類普通股尚未根據《證券法》或任何其他司法管轄區的證券法進行註冊，且本票（及相關擔保）不得在美國提供或銷售，除非已註冊或符合適用的註冊豁免要求。</p>
<p><strong>關於指南針</strong></p>
<p>指南針是一家領先的科技驅動房地產服務公司，是美國銷售額最大的住宅房地產經紀公司。公司成立於 2012 年，總部位於紐約市，指南針提供一個端到端的平台，使其自有經紀公司的住宅房地產代理能夠為賣方和買方客户提供卓越的服務。該平台包括一整套基於雲的軟件，涵蓋客户關係管理、市場營銷、客户服務、經紀服務及其他關鍵功能，所有功能均為房地產行業量身定製。指南針的代理利用該平台發展業務、節省時間並更高效地管理業務。</p>
<p><strong>無要約或邀請</strong></p>
<p>本新聞稿僅供信息參考，不構成購買、訂閲或購買任何證券的要約或邀請，也不構成在任何司法管轄區內就擬議交易或其他事項的任何投票或批准的邀請，且在任何司法管轄區內不得以違反適用法律的方式出售、發行或轉讓證券。</p>
<p><strong>前瞻性聲明</strong></p>
<p>關於本票發行及其預期收益使用的聲明為 “前瞻性聲明”，並受到已知和未知的風險和不確定性的影響，這些風險和不確定性可能導致實際結果與這些前瞻性聲明中表達的結果有重大差異。這些風險和不確定性包括但不限於完成本票發行的能力、按預期時間完成與 Anywhere 的合併的能力或根本無法完成，或可能導致合併協議終止的任何事件、變化或其他情況或條件的發生、對封頂交易的影響的預期以及對交易對手及/或其各自附屬公司的行為的預期，以及可能影響本票發行的一般市場條件。有關這些及其他重要風險和不確定性的更多信息，請參閲公司向證券交易委員會（“SEC”）提交的文件，包括在公司截至 2024 年 12 月 31 日的年度報告的 “前瞻性聲明説明” 和 “風險因素” 標題下的內容，以及在公司截至 2025 年 9 月 30 日的季度報告的 “前瞻性聲明特別説明” 和 “風險因素” 標題下的內容，均已於 2025 年 2 月 25 日和 2025 年 11 月 5 日向 SEC 提交。公司沒有義務更新任何前瞻性聲明以反映後續事件或情況，法律要求的除外。</p>
<p><strong>投資者聯繫</strong> Soham Bhonsle</p>
<p>soham.bhonsle@compass.com</p>
<p><strong>媒體聯繫</strong></p>
<p>Devin Daly Huerta</p>
<p>devin.daly@compass.com</p>
<p>來源：COMPASS</p>

指南針

<p>指南針公司（Compass, Inc.）已宣佈定價 8.5 億美元的可轉換高級票據，到期時間為 2031 年，比之前的發行增加了 1 億美元。這些票據的年利率為 0.25%，預計將在 2031 年 4 月 15 日到期。公司計劃將所得款項用於一般企業用途，包括與 Anywhere Real Estate Inc.合併相關的潛在債務償還。初始轉換價格設定為每股約 15.98 美元，轉換溢價為 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”）今天宣佈其 850.0 百萬美元可轉換高級票據（“票據”）的定價，該票據到期於 2031 年，屬於私人發行，這比之前宣佈的發行規模增加了 100.0 百萬美元。公司還授予票據的初始購買者在票據首次發行之日起的 13 天內，購買最多 150.0 百萬美元的票據的選擇權。票據的發行及下文所述的限制性回購交易預計將在 2026 年 1 月 9 日左右完成，具體取決於慣常的成交條件。</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>票據將是公司的高級無擔保義務，並將由公司所有擔保其現有循環信貸設施的子公司共同和分別擔保。公司打算將發行所得的淨收益用於一般企業用途，包括（i）在與 Anywhere Real Estate Inc.（“Anywhere”）的合併（“合併”）完成的情況下，償還合併時 Anywhere 及其子公司的某些現有債務，包括 Anywhere 的循環信貸設施下的借款及與合併相關的費用、成本和支出，以及（ii）為下文所述的限制性回購交易的淨成本提供資金。</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>票據的年利率為 0.25%。票據將於 2031 年 4 月 15 日到期，除非提前回購、贖回或轉換。票據的初始轉換比例為每 1000 美元票據面值 62.5626 股公司的 A 類普通股（相當於每股公司 A 類普通股約 15.98 美元的初始轉換價格），這比 2026 年 1 月 7 日紐約證券交易所上公司 A 類普通股的最後成交價高出約 35.0% 的轉換溢價。</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，票據僅在滿足某些條件和特定期間內可轉換，之後可在到期日前的第二個計劃交易日結束前的任何時間進行轉換。公司將通過支付和/或交付現金、A 類普通股或現金與 A 類普通股的組合來滿足任何轉換選擇，具體由公司決定。此外，票據可在公司選擇的任何時間、從而在 2029 年 4 月 20 日及到期日前的第 40 個計劃交易日之前的任何時間部分或全部贖回，前提是滿足某些條件。</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>在票據定價的過程中，公司與某些初始購買者或其關聯方以及其他金融機構（“對手方”）進行了私下協商的限制性回購交易。這些限制性回購交易涵蓋了票據所對應的公司 A 類普通股的股份數量，受某些慣常調整的限制。如果初始購買者行使其購買額外票據的選擇權，則公司預計將與對手方簽訂額外的限制性回購交易。限制性回購交易的上限價格最初為每股 23.68 美元，較 2026 年 1 月 7 日公司 A 類普通股的最後成交價溢價 100.0%，並根據限制性回購交易的條款進行某些調整。</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>公司預計，在建立限制性回購交易的初始對沖時，對手方或其各自的關聯方將在票據定價時或不久後購買公司的 A 類普通股和/或與公司 A 類普通股相關的各種衍生交易。這些活動可能會增加（或減少任何下降的幅度）當時 A 類普通股或票據的市場價格。此外，對手方或其各自的關聯方可能會通過進入或解除與公司 A 類普通股相關的各種衍生品以及在票據定價後和票據到期前的二級市場交易中購買或出售 A 類普通股或其他證券來調整其對沖頭寸。這種活動也可能導致或避免 A 類普通股或票據市場價格的上漲或下跌，這可能影響票據持有者轉換票據的能力，並且在任何與票據轉換相關的觀察期內發生的活動可能會影響票據持有者在轉換票據時將收到的公司 A 類普通股的數量和對價的價值。</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（包括相關擔保）僅向合理相信是合格機構買家的人員提供，依據《1933 年證券法》（修訂版）第 144A 條款進行。本新聞稿不構成出售本票（及相關擔保）的要約或購買本票（及相關擔保）的要約邀請。任何本票（及相關擔保）的要約僅通過私人發行備忘錄進行。本票（及相關擔保）的發行和銷售以及在轉換本票時可能發行的公司 A 類普通股尚未根據《證券法》或任何其他司法管轄區的證券法進行註冊，且本票（及相關擔保）不得在美國提供或銷售，除非已註冊或符合適用的註冊豁免要求。</p>
</div><p><strong>About Compass</strong></p>
<div class="lb-trans"><p><strong>關於指南針</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>指南針是一家領先的科技驅動房地產服務公司，是美國銷售額最大的住宅房地產經紀公司。公司成立於 2012 年，總部位於紐約市，指南針提供一個端到端的平台，使其自有經紀公司的住宅房地產代理能夠為賣方和買方客户提供卓越的服務。該平台包括一整套基於雲的軟件，涵蓋客户關係管理、市場營銷、客户服務、經紀服務及其他關鍵功能，所有功能均為房地產行業量身定製。指南針的代理利用該平台發展業務、節省時間並更高效地管理業務。</p>
</div><p><strong>No Offer or Solicitation</strong></p>
<div class="lb-trans"><p><strong>無要約或邀請</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>本新聞稿僅供信息參考，不構成購買、訂閲或購買任何證券的要約或邀請，也不構成在任何司法管轄區內就擬議交易或其他事項的任何投票或批准的邀請，且在任何司法管轄區內不得以違反適用法律的方式出售、發行或轉讓證券。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性聲明</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>關於本票發行及其預期收益使用的聲明為 “前瞻性聲明”，並受到已知和未知的風險和不確定性的影響，這些風險和不確定性可能導致實際結果與這些前瞻性聲明中表達的結果有重大差異。這些風險和不確定性包括但不限於完成本票發行的能力、按預期時間完成與 Anywhere 的合併的能力或根本無法完成，或可能導致合併協議終止的任何事件、變化或其他情況或條件的發生、對封頂交易的影響的預期以及對交易對手及/或其各自附屬公司的行為的預期，以及可能影響本票發行的一般市場條件。有關這些及其他重要風險和不確定性的更多信息，請參閲公司向證券交易委員會（“SEC”）提交的文件，包括在公司截至 2024 年 12 月 31 日的年度報告的 “前瞻性聲明説明” 和 “風險因素” 標題下的內容，以及在公司截至 2025 年 9 月 30 日的季度報告的 “前瞻性聲明特別説明” 和 “風險因素” 標題下的內容，均已於 2025 年 2 月 25 日和 2025 年 11 月 5 日向 SEC 提交。公司沒有義務更新任何前瞻性聲明以反映後續事件或情況，法律要求的除外。</p>
</div><p><strong>Investor Contact</strong> Soham Bhonsle</p>
<div class="lb-trans"><p><strong>投資者聯繫</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>媒體聯繫</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>來源：COMPASS</p>
</div>

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