Select Water Solutions, Inc. Announces Pricing of Upsized $900 Million of 7.625% Senior Notes Due 2034
Key Highlights
- ➤$900 million senior notes priced at 7.625% due November 1, 2034
- ➤Notes offering upsized from initial $800 million
- ➤Proceeds will fund Pilot Water acquisition and repay debt
- ➤Offering expected to close October 21, 2026, subject to conditions
- ➤Pilot Water failure triggers redemption of notes above $450 million
Expert Statements
Garrett Williams, VP, Corporate Finance & Investor Relations at Select Water Solutions
“Select Water Solutions”
Select Water Solutions, Inc. Announces Pricing of Upsized $900 Million of 7.625% Senior Notes Due 2034 PR Newswire
GAINESVILLE, Texas, Oct. 14, 2026 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select," "we" or "our") announced today that its subsidiary Select Water Holdings LLC (the "Issuer") has priced its previously announced offer (the "Notes Offering") pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers of $900 million aggregate principal amount of 7.625% Senior Notes due 2034 (the "Notes"). The Notes Offering was upsized from an initial offering amount of $800 million. The Notes mature on November 1, 2034 and pay interest at the rate of 7.625% per year, payable on May 1 and November 1 of each year. The first interest payment on the Notes will be made on May 1, 2027. The Notes were priced at par. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by the Issuer's existing subsidiaries that are borrowers or guarantors under its revolving credit facility and future restricted subsidiaries that guarantee certain indebtedness of the Issuer or a guarantor under any credit facility. This offering is expected to close on October 21, 2026, subject to customary closing conditions.
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