secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001604028-22-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000038/0001604028-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000038/wms-20220609.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000038

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