---
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"
generated_at: "2026-05-16T03:02:06.331498+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ADS prices $500M 5.375% senior notes due 2034 to refinance 2027 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604028-26-000011
- JSON: https://secwatch.observer/filing/0001604028-26-000011.json
- Plain text: https://secwatch.observer/filing/0001604028-26-000011.txt

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