Select Water Solutions Prices Upsized $900 Million Senior Notes Offering

Select Water Solutions, Inc. announced on October 14, 2026, that its subsidiary Select Water Holdings LLC has priced an offering of $900 million aggregate principal amount of 7.625% senior notes due 2034. The offering was upsized from an initial amount of $800 million. The notes mature on November 1, 2034.

The company intends to use the net proceeds from the offering, along with existing cash, to partially fund the cash consideration for the previously announced acquisition of Pilot Water Solutions LLC. Proceeds will also be used to fully repay outstanding obligations under its term loan facility and any outstanding loans under its revolving credit facility.

The transaction is expected to close on October 21, 2026, subject to customary closing conditions. Should the Pilot Water acquisition not be completed by March 1, 2027, the issuer will be required to redeem notes totaling $450 million.

Select Water Solutions provides water and chemical solutions to the energy industry, focusing on water infrastructure, chemical manufacturing, and water treatment and recycling capabilities.