Select Water Solutions, Inc. Announces Pricing of Upsized $900 Million of 7.625% Senior Notes Due 2034
Select Water Solutions, Inc. (WTTR) filed an SEC Form 8-K — Other Events. 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
How this was made
The 30-second read
Why it matters
The $900 M senior note issuance provides liquidity for the acquisition and debt repayment, influencing the company's capital structure and possibly its stock price.
Market read
A sizable debt raise that could affect WTTR's share price and sector financing dynamics.
What to watch
Potential upside if the Pilot Water acquisition closes on schedule, improving earnings.
Background
Select Water Solutions provides water and chemical solutions to the energy industry and is pursuing the Pilot Water acquisition.
Ticker impact
Select Water Solutions announced pricing of $900 million senior notes due 2034, upsized from $800 million.
potential modest downside as market prices in higher leverage
Large $900 M raise is material; however proceeds are earmarked for acquisition and debt repayment, which could offset dilution concerns.
Market effects
May signal increased financing activity in the water‑treatment sector.
Limited to U.S. markets where WTTR trades.
Minimal; primarily a company‑specific capital raise.
Counterpoint
The note pricing at par could be seen as confidence in the company's credit, supporting upside.
Key entities
- companySelect Water Solutions, Inc.
Issuer of the senior notes.
- companyPilot Water Solutions LLC
Target of the pending acquisition.
