Select Water Solutions, Inc. Announces Offering of $800 Million of Senior Notes Due 2034
Select Water Solutions announced its subsidiary Select Water Holdings LLC intends to offer $800 million of senior unsecured notes due 2034 under Rule 144A/Regulation S. Proceeds will help fund the previously announced Pilot Water Solutions acquisition, repay the term loan and existing revolver in full, cover transaction fees, and fund general corporate purposes. The offering is not contingent on the acquisition closing.
Key figures
- Deal Value Usd
- 800000000
- Notes maturity
- 2034
- Redemption price
- 100% of issue price plus accrued interest
- Redemption threshold
- $450 million of notes retained if Pilot Water Acquisition is not completed
AI analysis
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