Select Water Solutions prices upsized $900 million of 7.625% senior notes due 2034
Select Water Holdings LLC, a subsidiary of Select Water Solutions, priced $900 million of 7.625% senior notes maturing November 1, 2034, upsized from $800 million and sold at par, with closing expected October 21, 2026. Net proceeds of approximately $882.6 million, plus cash on hand, will fund part of the cash consideration for the pending Pilot Water Solutions acquisition and repay the term loan and revolving credit facility obligations. The notes add $900 million of debt, and if the Pilot Water Acquisition is not completed by March 1, 2027, most of the notes must be redeemed.
Key points
- $900 million of 7.625% senior notes due November 1, 2034, upsized from $800 million and priced at par
- Approximately $882.6 million in net proceeds after the initial purchasers' discount and estimated offering expenses; closing expected October 21, 2026
- Proceeds fund part of the Pilot Water Acquisition cash consideration and repay the term loan in full
- If the Pilot Water Acquisition is not completed by March 1, 2027, the issuer must redeem notes equal to the principal less $450 million
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.