Select Water Solutions announces $800M senior notes offering to fund Pilot Water acquisition (WTTR:NYSE)

Select Water Solutions (WTTR) announced an $800 million senior notes offering due 2034. Proceeds will fund part of its Pilot Water Solutions acquisition, repay borrowings, and cover transaction costs. If the acquisition fails, the company must redeem a portion of the notes. WTTR shares rose 0.10% to $19.34 in pre-market trading.

Select Water Solutions Inc. (NYSE: WTTR) plans to offer $800 million in senior notes due 2034. Proceeds will fund part of the Pilot Water Solutions acquisition and repay debts. Notes are unregistered and offered to qualified buyers. The company provides water and chemical solutions to the energy industry.

Select Water Solutions (WTTR) secured a $500M revolving credit facility led by JPMorgan, maturing in 5 years. Funds may support the Pilot Water acquisition, refinance debt, and fund growth initiatives. Pricing is tied to leverage and ranges from Term SOFR plus 2.25% to 3.25%.

Select Water Solutions, Inc. (WTTR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 N ews Release Contacts: Select Water Solutions Garrett Williams – VP, Corporate Finance & Investor Relations (713) 296-1010 IR@selectwater.com Dennard Lascar Investor Relations Ken Dennard / Natalie Hairston (713) 529-6600 WTTR@dennardlascar.com Select Water Solution

Select Water Solutions, Inc. (NYSE: WTTR) announced plans to offer $800 million in senior notes due 2034. Proceeds will fund part of the Pilot Water Solutions acquisition, repay debt, and cover related costs. The offering is not contingent on the acquisition's completion, but notes may need to be redeemed if the deal falls through.

Select Water Solutions (WTTR) plans to offer $800M in senior notes due 2034. Terms, pricing, and use of proceeds were not disclosed. The move signals intent to raise long-dated capital.