Select Water Solutions upsizes senior notes offering to $900 million
WTTR•Select Water Solutions priced $900 million of senior notes, up from $800 million, with a 7.63% coupon and a November 1, 2034 maturity. Proceeds will help fund its Pilot Water acquisition, repay debt and support general corporate purposes.
1. Offering terms
The notes were issued through Select Water Holdings, with closing expected October 21, 2026. The offering is not contingent on the Pilot Water acquisition closing. If the acquisition is not completed by March 1, 2027, subject to extensions, $450 million of notes must be redeemed at 100% of the issue price plus accrued interest.
