{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-115262","form_type":"8-K","ticker":"WTTR","cik":"0001693256","company_name":"Select Water Solutions, Inc.","filed_at":"2026-10-13T11:40:35+00:00","discovered_at":"2026-10-13T11:45:02.994297+00:00","generated_at":"2026-10-13T11:45:10.679882+00:00","sec_items":["1.01","2.02","8.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Select Water to offer $800M senior notes due 2034 to fund Pilot Water acquisition","bullets":["$800M of Senior Notes due 2034 offered via 144A/Reg S; proceeds to fund a portion of the Pilot Water acquisition, refinance debt and general purposes.","New $500M senior secured revolver, including $50M letter-of-credit sublimit, effective only on Pilot Water closing; pricing Term SOFR +2.25%-3.25%.","Pilot Water adds ~2.7M bbl/d active permitted disposal capacity, ~0.8M bbl/d undeveloped and 700+ miles of pipeline; 80% of revenue under long-term contracts.","Pro forma total debt $874.9M as of June 30, 2026; existing facility had $228.75M outstanding at Oct 9, 2026 at a 6.95% weighted average rate.","Pilot Water deal carries a $35M termination fee, a $15M milestone payment and an uncapped cash true-up if shares trade below the closing price at six months."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-115262","json":"https://secwatch.observer/filing/0001104659-26-115262.json","markdown":"https://secwatch.observer/filing/0001104659-26-115262.md","text":"https://secwatch.observer/filing/0001104659-26-115262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1693256/000110465926115262/0001104659-26-115262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1693256/000110465926115262/tm2627372d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T11:45:10.679882+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}