Select Water Solutions, Inc. Announces Pricing of Upsized $900 Million of 7.625% Senior Notes Due 2034
Select Water Solutions' subsidiary Select Water Holdings LLC priced an upsized $900 million offering of 7.625% senior notes due 2034, up from an initial $800 million, priced at par under Rule 144A/Reg S. Net proceeds plus cash on hand will fund part of the Pilot Water Solutions acquisition, repay the term loan in full, and pay down the revolving credit facility, with closing expected October 21, 2026.
Key figures
- Deal Value Usd
- 900000000
- Coupon
- 7.625%
- Maturity
- November 1, 2034
- Priced at
- par
- Expected close
- October 21, 2026
- Original offering size
- $800 million
- Minimum redemption holdback
- $450 million
AI analysis
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