Select Water Solutions unit issues $900 million in 7.625% senior notes due 2034
Select Water Holdings LLC, a subsidiary of Select Water Solutions, issued $900 million of 7.625% senior notes due November 1, 2034, under an indenture dated October 21, 2026. The notes are tied to the company's previously announced acquisition of Pilot Water Solutions; if that deal is not completed by March 1, 2027, or is terminated, the issuer must redeem notes above $450.0 million, which would reduce the debt taken on.
Key points
- Issued $900 million aggregate principal of 7.625% senior notes due November 1, 2034, on October 21, 2026.
- Interest is payable semi-annually on May 1 and November 1, starting May 1, 2027.
- Special mandatory redemption applies if the Pilot Water Solutions acquisition is not completed by March 1, 2027, or is terminated; the issuer would redeem notes above $450.0 million.
- The notes are not guaranteed by Select Water Solutions, Inc. or SES Holdings, LLC.
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 21, 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.