# Select Water Solutions Prices Upsized $900 Million Senior Notes Offering

- URL: https://stocks.freetheai.org/news/select-water-solutions-prices-upsized-900-million-senior-notes-offering-307973
- Published: 2026-10-16T10:03:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NYSE:WTTR](https://stocks.freetheai.org/symbols/NYSE-WTTR)
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Select Water Solutions, Inc. (WTTR) priced an upsized private offering of $900 million in 7.625% senior notes due November 1, 2034. The debt offering was increased from an initial target of $800 million. Issued at par, the notes are expected to deliver roughly $882.6 million in net proceeds when the transaction closes on October 21, 2026.

The company intends to combine the proceeds with cash on hand to fund part of its planned acquisition of Pilot Water. Additionally, Select Water Solutions will use the capital to pay down outstanding borrowings under its term loan and revolving credit facilities. The notes will be guaranteed by subsidiary guarantors.

Investors will be monitoring the completion of the Pilot Water deal. If the transaction is not finalized by the March 1, 2027 outside date, Select Water Solutions will be required to redeem a portion of the notes to reduce the outstanding debt down to $450 million. Following the announcement, the company's shares fell 3.35% to $18.20.

## Key points

- Select Water Solutions priced $900 million of 7.625% senior notes due 2034, upsized from $800 million.
- Net proceeds are projected at $882.6 million, with the transaction set to close on October 21, 2026.
- Funds will support the acquisition of Pilot Water and repay term loan and revolving credit debt.
- Notes must be partially redeemed down to $450 million if the Pilot Water deal fails to close by March 1, 2027.

## Questions and answers

### How much did Select Water Solutions raise in its debt offering?

Select Water Solutions priced $900 million in 7.625% senior notes due 2034. The offering was upsized from $800 million and is expected to net approximately $882.6 million.

### What will Select Water Solutions do with the proceeds?

The company plans to use the proceeds and cash on hand to fund part of its Pilot Water acquisition and repay term loan and revolving credit borrowings.

### What happens if the Pilot Water acquisition is not completed?

If the acquisition does not close by March 1, 2027, Select Water Solutions must redeem a portion of the notes to lower the total amount to $450 million.