ADVANCED DRAINAGE SYSTEMS, INC. 8-K

What Happened Advanced Drainage Systems, Inc. (WMS) announced in an 8-K filed February 12, 2026 that it intends, subject to market and other conditions, to commence a private offering of up to $500 million aggregate principal amount of senior unsecured notes due 2034. The company attached a press release (Exhibit 99.1) describing the planned offering; the filing was signed by Scott A. Cottrill, EVP, CFO & Secretary.

Key Details

• Offering size: up to $500,000,000 aggregate principal amount.
• Security: senior unsecured notes with maturity in 2034.
• Status: private offering to be commenced subject to market and other conditions.
• Disclosure: the 8-K furnishes a press release (Exhibit 99.1); no pricing, interest rate, or use-of-proceeds details were disclosed in the filing.

Why It Matters This filing signals the company plans to raise long-term debt, which can affect capital structure and credit metrics. Investors should note the offering could increase interest expense and leverage if completed; because terms and use of proceeds were not provided, watch for follow-up filings or disclosures that specify pricing, covenant terms, and how the proceeds will be used.