Select Water Solutions plans $800 million senior notes offering due 2034
WTTR•Select Water Solutions launched an $800 million senior notes offering due 2034, subject to market conditions, to fund its Pilot Water acquisition, refinance debt and cover fees and working capital.
1. Offering details
Select Water Solutions launched an offering of $800 million in senior notes due 2034, subject to market conditions. Proceeds are earmarked to fund the Pilot Water acquisition, refinance term loan and revolver debt, and cover fees and working capital. The deal is not contingent on the acquisition closing; a partial redemption will be triggered if the acquisition is not completed by March 1, 2027. The notes will be sold in a Rule 144A and Regulation S transaction to qualified institutional buyers.
