debt
confidence high
sentiment neutral
materiality 0.55
Advanced Drainage Systems announces proposed $500M senior notes offering due 2030
ADVANCED DRAINAGE SYSTEMS, INC.
- Up to $500M aggregate principal of senior unsecured notes due 2030.
- Notes will be guaranteed by domestic subsidiaries that guarantee the revolver.
- Proceeds to repay outstanding revolver borrowings; remainder for general corporate purposes.
- Offering is private, exempt from registration under Rule 144A/Regulation S.