---
schema_version: "secwatch.filing_event.v1"
accession: "0001604028-22-000038"
form_type: "8-K"
ticker: "WMS"
cik: "0001604028"
company_name: "ADVANCED DRAINAGE SYSTEMS, INC."
filed_at: "2022-06-09T23:59:59+00:00"
generated_at: "2026-06-25T03:10:34.301381+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Advanced Drainage Systems issues $500M 6.375% senior notes due 2030

## Summary
- Issued $500M aggregate principal of 6.375% senior notes due June 15, 2030.
- Interest payable semi-annually on Jan 15 and July 15, starting Jan 15, 2023.
- Notes guaranteed by domestic subsidiaries; net proceeds to repay revolver and for general corporate purposes.
- Redemption: make-whole prior to July 15, 2025; thereafter at specified prices; up to 40% with equity proceeds at 106.375%.

## SEC filing metadata
- accession: 0001604028-22-000038
- form_type: 8-K
- ticker: WMS
- cik: 0001604028
- company_name: ADVANCED DRAINAGE SYSTEMS, INC.
- filed_at: 2022-06-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000038/0001604028-22-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604028/000160402822000038/wms-20220609.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-22-000038
- JSON: https://secwatch.observer/filing/0001604028-22-000038.json
- Plain text: https://secwatch.observer/filing/0001604028-22-000038.txt

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