#USA #Senior Notes #Gainesville #Select Water #Pilot Water

Select Water Solutions, Inc. Announces Notes Offering

Select Water Solutions, Inc. (NYSE: WTTR), a prominent provider of sustainable water and chemical solutions, has made a significant announcement regarding its financial strategies. On October 13, 2026, the company revealed plans to offer approximately $800 million in senior notes due in 2034 through its subsidiary, Select Water Holdings LLC. This move is subject to market conditions and will be conducted under Rule 144A and Regulation S of the Securities Act of 1933.

Funding Purpose

The proceeds from this notes offering will play a crucial role in supporting Select Water's ongoing operational and expansion efforts. Specifically, the company plans to utilize the net proceeds along with existing cash and additional borrowings to:
1. Fund part of the cash consideration related to the acquisition of Pilot Water Solutions LLC.
2. Settle outstanding obligations under the company’s term loan facility in full.
3. Repay any remaining loans from the existing revolving credit facility alongside accrued and unpaid interest.
4. Cover costs including fees, premiums, and expenses tied to these transactions and general corporate needs.

Furthermore, it’s noteworthy that this offering does not depend on the successful completion of the Pilot Water Acquisition, allowing for more flexibility in execution.

Contingencies in Acquisition

In terms of acquisition, if the Pilot Water Acquisition is not finalized by March 1, 2027, or if the agreement is canceled or deemed inactive before that date, Select Water will be required to redeem notes totaling an amount less than $450 million. This ensures that the financial commitments are managed responsibly and allow for necessary adjustments if the acquisition doesn’t proceed.

Regulatory Compliance

The senior notes and their related guarantees will not have been registered under the Securities Act, which poses limitations on their offering. As such, these notes will only be available to qualified institutional buyers according to the outlined rules. This regulatory awareness underscores the company’s commitment to adhere to laws governing securities offerings.

About Select Water Solutions

As a leader in sustainable water management solutions, Select Water Solutions serves the energy sector with a strong emphasis on responsible practices. Their services encompass critical water infrastructure assets and innovative chemical treatments, with a focus on water recycling, treatment, and manufacturing.

Conclusion

In closing, this significant $800 million offering represents a strategic opportunity for Select Water Solutions, Inc. as it looks ahead. By facilitating the planned acquisition of Pilot Water Solutions and repaying existing debts, the company seems poised for growth in the ever-evolving energy industry. Investors and stakeholders alike are encouraged to monitor progress against these plans, as the landscape of water and chemical solution services continues to develop.