secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2026-10-13T11:40:35+00:00
Accession:  0001104659-26-115262
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Select Water to offer $800M senior notes due 2034 to fund Pilot Water acquisition
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000110465926115262/0001104659-26-115262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000110465926115262/tm2627372d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-115262

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