Select Water Solutions, Inc. (WTTR) Form 8-K — Oct 13, 2026
$WTTRForm 8-KItems 1.01, 2.02, 7.01, 8.01, 9.01Filed Oct 13, 2026, 7:40 AM ET0001104659-26-115262Original filing
Select Water Solutions executed a new $500.0 million senior secured revolving credit facility through subsidiary Select Water Holdings LLC, with JPMorgan Chase as administrative agent, effective upon closing of the Pilot Water Acquisition. In parallel, Select announced an $800 million Rule 144A offering of Senior Notes due 2034 to fund the Pilot Water Acquisition, refinance existing debt, and support growth; pro forma total debt as of June 30, 2026 would be approximately $874.9 million.
Key figures
- Total Debt
- $874.9 million pro forma as of June 30, 2026
- Debt Amount
- $800 million Senior Notes due 2034
- Accordion
- up to $250.0 million additional commitments
- Termination fee
- $35 million
- Revolver capacity
- $500.0 million
- Sofr margin range
- 2.25%-3.25%
- Existing term loans
- $218.75 million
- Max net total leverage
- 4.25 to 1.00 (4.50x post-acquisition)
- Secured debt pro forma
- $74.9 million
- Existing revolver balance
- $10 million
- Letter of credit sublimit
- $50.0 million
- Quarterly dividend bucket
- $15.0 million
- Contingent milestone payment
- $15 million
- Existing facility weighted avg rate
- 6.95%
- Additional revolver capacity pro forma
- $418.4 million
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