{"schema_version":"secwatch.filing_event.v1","accession":"0001604028-26-000011","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2026-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.611437+00:00","generated_at":"2026-05-16T03:02:06.331498+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ADS prices $500M 5.375% senior notes due 2034 to refinance 2027 notes","bullets":["Priced $500M aggregate 5.375% senior unsecured notes due 2034; closing expected Feb 27, 2026.","Will redeem all $350M outstanding 5.000% senior notes due 2027; redemption date Feb 27, 2026.","Amending credit facility: revolver to $750M (from $600M), term loan B to $600M (from $408M), extended maturity.","Net proceeds from notes and term loan B will refinance existing credit facility, redeem 2027 notes, and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001604028-26-000011","json":"https://secwatch.observer/filing/0001604028-26-000011.json","markdown":"https://secwatch.observer/filing/0001604028-26-000011.md","text":"https://secwatch.observer/filing/0001604028-26-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000160402826000011/0001604028-26-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000160402826000011/wms-20260212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:02:06.331498+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}