Select Water Solutions Prices Upsized $900M Senior Notes Offering at 7.625%
Select Water Solutions (WTTR) has priced an upsized senior notes offering of $900 million, with a coupon rate of 7.625%, higher than the initially planned $800 million. The notes are set to mature on November 1, 2034, and will pay interest semiannually. The company stated in its press release that it intends to use the net proceeds from this offering, along with existing cash reserves, for general corporate purposes. This move reflects strong investor demand and confidence in Select Water Solutions' financial strategy as it continues to expand operations within the water infrastructure sector. From a market perspective, the successful upsizing of the debt issuance suggests robust capital markets appetite for high-yield offerings from companies operating in critical sectors like water utilities.
Tickers: $WTTR
Topics: corporate finance debt financing