---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-117850"
form_type: "8-K"
ticker: "WTTR"
cik: "0001693256"
company_name: "Select Water Solutions, Inc."
filed_at: "2026-10-21T20:22:25+00:00"
generated_at: "2026-10-21T20:26:31.200440+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Select Water issues $900M of 7.625% senior notes due 2034, tied to Pilot Water deal deadline

## Summary
- Select Water Holdings LLC issued $900M of 7.625% senior notes due Nov 1, 2034; interest payable semi-annually May 1 and Nov 1, starting May 1, 2027.
- Special mandatory redemption: if the Pilot Water Solutions LLC acquisition is not closed by March 1, 2027, notes above $450M must be redeemed at issue price plus accrued interest.
- Notes are senior unsecured, guaranteed only by subsidiaries backing the revolver; neither Select Water Solutions nor SES Holdings guarantees them.
- Optional redemption: 40% equity clawback at 107.625% before Nov 1, 2029; then 103.813% (2029), 101.906% (2030), 100% (2031+); make-whole before 2029.
- Change of control plus two-agency downgrade triggers a 101% repurchase offer; covenants cap debt, dividends, liens, investments and affiliate deals.

## SEC filing metadata
- accession: 0001104659-26-117850
- form_type: 8-K
- ticker: WTTR
- cik: 0001693256
- company_name: Select Water Solutions, Inc.
- filed_at: 2026-10-21T20:22:25+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1693256/000110465926117850/0001104659-26-117850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1693256/000110465926117850/tm2628031d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-117850
- JSON: https://secwatch.observer/filing/0001104659-26-117850.json
- Plain text: https://secwatch.observer/filing/0001104659-26-117850.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.