{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-05T03:27:47.742654+00:00","company":{"ticker":"WMS","cik":1604028,"company_name":"ADVANCED DRAINAGE SYSTEMS, INC."},"pagination":{"limit":100,"returned":8,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"debt_financing","fact_key":"93adb18cfc9e5039cc40843790b4f4108c1245db","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-27T23:59:59+00:00","payload":{"counterparty":"Bank of America, N.A., PNC Bank, National Association","effective_date":"2026-02-27","event":"amendment","instrument_type":"credit_facility","interest_rate_text":"162.5 basis points (for Term Benchmark based loans) and 62.5 basis points (for b","item_codes_triggered":["2.03"],"maturity_text":"February 28, 2033","principal_text":"$600 million"},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. amended credit facility of $600 million with Bank of America, N.A., PNC Bank, National Association at 162.5 basis points (for Term Benchmark based loans) and 62.5 basis points (for b maturing February 28, 2033.","evidence_excerpt":"refinances the Term Facility under the Existing Credit Agreement by providing a new Term Facility in the initial principal amount of $600 million with a maturity date of February 28, 2033","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-082558","anchor_url":"https://secwatch.observer/filing/0001193125-26-082558#claim-93adb18cfc9e5039cc40843790b4f4108c1245db","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000119312526082558/0001193125-26-082558-index.htm"},{"fact_type":"debt_financing","fact_key":"158e9b8871b77bc5098114b0cc008f3e4af8f60d","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-27T23:59:59+00:00","payload":{"counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2026-02-27","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"5.375%","item_codes_triggered":["2.03"],"maturity_text":"March 1, 2034","principal_text":"$500.0 million aggregate principal amount"},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. incurred senior notes of $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.375% maturing March 1, 2034.","evidence_excerpt":"issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-082558","anchor_url":"https://secwatch.observer/filing/0001193125-26-082558#claim-158e9b8871b77bc5098114b0cc008f3e4af8f60d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000119312526082558/0001193125-26-082558-index.htm"},{"fact_type":"material_agreement","fact_key":"8a3ce0cf8a54d1361bf4542344e534058b54297e","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-27T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Fourth Amendment","agreement_type":"credit_facility","counterparty":"Bank of America, N.A., PNC Bank, National Association, Barclays Bank PLC","effective_date":"2026-02-27","item_codes_triggered":["1.01"],"value_text":null},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. entered into Fourth Amendment with Bank of America, N.A., PNC Bank, National Association, Barclays Bank PLC (effective 2026-02-27).","evidence_excerpt":"On February 27, 2026, the Company entered into a Fourth Amendment (the “Fourth Amendment”) to the Company’s Credit Agreement dated as of July 31, 2019 (as amended by the First Amendment to Credit Agreement, dated as of September 24, 2019, the Second Amendment to Credit Agreement, dated as of May 26, 2022, the Third Amendment to Credit Agreement, dated as of November 26, 2025 and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof the “Existing Credit Agreement”, and as amended by the Fourth Amendment, the “Credit Agreement”), with Bank of America, N.A. as administrative agent under the Term Facility, PNC Bank, National Association as administrative agent under the Revolving Facility and as Successor Administrative Agent (as defined in the Fourth Amendment), Barclays Bank PLC, as Predecessor Administrative Agent (as defined in the Fourth Amendment), and the several financial institutions from time to time party thereto as lende","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-082558","anchor_url":"https://secwatch.observer/filing/0001193125-26-082558#claim-8a3ce0cf8a54d1361bf4542344e534058b54297e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000119312526082558/0001193125-26-082558-index.htm"},{"fact_type":"material_agreement","fact_key":"c4dd8cd43cdc403f47b17089095040851a4e4ebc","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-27T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Indenture","agreement_type":"notes_offering","counterparty":"U.S. Bank Trust Company, National Association","effective_date":"2026-02-27","item_codes_triggered":["1.01"],"value_text":"$500.0 million"},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500.0 million (effective 2026-02-27).","evidence_excerpt":"On February 27, 2026, Advanced Drainage Systems, Inc. (the “Company”) issued $500.0 million aggregate principal amount of its 5.375% senior notes due 2034 (the “Notes”) pursuant to an Indenture, dated February 27, 2026 (the “Indenture”), among the Company, the guarantors party thereto (as defined below, the “Guarantors”) and U.S. Bank Trust Company, National Association, as Trustee (the “Trustee”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-082558","anchor_url":"https://secwatch.observer/filing/0001193125-26-082558#claim-c4dd8cd43cdc403f47b17089095040851a4e4ebc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000119312526082558/0001193125-26-082558-index.htm"},{"fact_type":"ma_transaction","fact_key":"b274be280a3dae43e7ce07250984535cfe68c3a0","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-02T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2026-02-02","consideration_text":"all cash transaction for consideration of approximately $1.0 billion, subject to certain purchase price adjustments","counterparty":"NORMA Group SE","effective_date":"2026-02-02","item_codes_triggered":["2.01"]},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. completed an acquisition involving NORMA Group SE for all cash transaction for consideration of approximately $1.0 billion, subject to certain purchase price adjustments (closed 2026-02-02).","evidence_excerpt":"On February 2, 2026, Advanced Drainage Systems, Inc. (the “Company”) completed its previously announced acquisition of the outstanding capital stock of certain indirect subsidiaries of NORMA Group SE (“Norma Group”), a European company ( Societas Europaea ) incorporated under the laws of Germany, which comprise substantially all of Norma Group’s water management business known as National Diversified Sales (“NDS”), subject to the terms and conditions set forth in the Master Share Purchase Agreement dated September 23, 2025 (the “Purchase Agreement”) between the Company and Norma Group. The acquisition was an all cash transaction for consideration of approximately $1.0 billion, subject to certain purchase price adjustments.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001604028-26-000002","anchor_url":"https://secwatch.observer/filing/0001604028-26-000002#claim-b274be280a3dae43e7ce07250984535cfe68c3a0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402826000002/0001604028-26-000002-index.htm"},{"fact_type":"executive_change","fact_key":"4bb314fa4a","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-07-08T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2024-07-19","interim":false,"role":"Executive Vice President, Sales","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Michael G. Huebert resigned as Executive Vice President, Sales at ADVANCED DRAINAGE SYSTEMS, INC..","evidence_excerpt":"On July 5, 2024, Michael G. Huebert the Executive Vice President, Sales of Advanced Drainage Systems, Inc. (the “Company”) provided notice of his resignation from the Company, effective as of July 19, 2024, in order to pursue an executive position with another company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001604028-24-000023","anchor_url":"https://secwatch.observer/filing/0001604028-24-000023#claim-4bb314fa4a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000023/0001604028-24-000023-index.htm"},{"fact_type":"earnings_release","fact_key":"1ed903a8103a49af0a67348a91bf3032f2cef18f","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-05-16T23:59:59+00:00","payload":{"eps_text":"$6.45","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$513.3 million","period_text":"the fiscal year ended March 31, 2024","report_date":"2024-05-16","result_type":"reported_results","revenue_text":"$2,874.5 million"},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fiscal year ended March 31, 2024 results: revenue $2,874.5 million, net income $513.3 million, EPS $6.45. Guidance initiated.","evidence_excerpt":"Fiscal 2024 Results • Net sales decreased 6.4% to $2,874.5 million • Net income increased 0.4% to $513.3 million • Diluted net income per share increased 6.1% to $6.45","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001604028-24-000008","anchor_url":"https://secwatch.observer/filing/0001604028-24-000008#claim-1ed903a8103a49af0a67348a91bf3032f2cef18f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm"},{"fact_type":"earnings_release","fact_key":"fde47e8712bc8fecfb7f86b84ec6db35d0ebbae1","cik":1604028,"ticker":"WMS","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2024-05-16T23:59:59+00:00","payload":{"eps_text":"$1.21","guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$95.5 million","period_text":"the fourth quarter ended March 31, 2024","report_date":"2024-05-16","result_type":"reported_results","revenue_text":"$653.8 million"},"claim":"ADVANCED DRAINAGE SYSTEMS, INC. reported the fourth quarter ended March 31, 2024 results: revenue $653.8 million, net income $95.5 million, EPS $1.21. Guidance initiated.","evidence_excerpt":"Fourth Quarter Fiscal 2024 Results • Net sales increased 5.9% to $653.8 million • Net income increased 10.6% to $95.5 million • Diluted net income per share increased 14.5% to $1.21","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001604028-24-000008","anchor_url":"https://secwatch.observer/filing/0001604028-24-000008#claim-fde47e8712bc8fecfb7f86b84ec6db35d0ebbae1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1604028/000160402824000008/0001604028-24-000008-index.htm"}]}