secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001604028-22-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Advanced Drainage Systems prices $500M of 6.375% senior notes due 2030
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- $500M aggregate principal amount of 6.375% senior unsecured notes due 2030.
- Offering expected to close June 9, 2022, subject to customary closing conditions.
- Net proceeds to repay outstanding borrowings under senior secured revolver; remainder for general corporate purposes.
- Notes are unsecured and guaranteed by domestic subsidiaries that guarantee the credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000032/0001604028-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000032/wms-20220602.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer