Financing ·
Select Water Solutions announces $800M senior notes offering to fund Pilot Water acquisition
WTTRSelect Water Solutions, Inc.
Select Water Solutions announced an intent to offer $800 million of Senior Notes due 2034 in a private placement. Proceeds will help finance the previously announced acquisition of Pilot Water Solutions LLC, repay existing term loans and revolving credit facility indebtedness, and pay related fees. The company also executed a new $500 million senior secured revolving credit facility with JPMorgan Chase Bank, which becomes effective upon consummation of the Pilot Water Acquisition. Select Water Solutions provides sustainable water and chemical solutions to the energy industry.