Select Water Solutions: sells $900,000,000 of 7.625% senior notes

What happened On Oct 14, 2026, Select Water Holdings LLC, a subsidiary of Select Water Solutions, Inc., entered into a purchase agreement with J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the initial purchasers, pursuant to which the Issuer agreed to sell $900,000,000 aggregate principal amount of 7.625% Senior Notes due Nov 1, 2034 in a private placement under Rule 144A and Regulation S. The offering was upsized from $800,000,000 and is expected to close on Oct 21, 2026, subject to customary closing conditions, with estimated net proceeds of approximately $882,600,000.

Key details

• Issuer: Select Water Holdings LLC; purchasers represented by J.P. Morgan Securities LLC and BofA Securities, Inc.
• Amount and terms: $900,000,000 aggregate principal, 7.625% interest, due Nov 1, 2034; issued at par.
• Use of proceeds: to fund part of the cash consideration for the Pilot Water Acquisition, repay the term loan facility and outstanding revolver loans (with accrued interest), pay related fees and expenses, and for general corporate purposes and working capital.
• Expected closing: Oct 21, 2026; offering conducted pursuant to Rule 144A and Regulation S.

Why it may matter This Form 8-K reports Item 8.01 (other events), describing the purchase agreement and planned private placement of the notes and the issuer’s stated intended uses of the net proceeds. A filing does not show why the insider traded or why the company acted.