Select Water Solutions, Inc. — Form 8-K
Filed October 13, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 2/100
What the filing says
Select Water Holdings LLC executed a revolving credit agreement dated October 13, 2026, with JPMorgan Chase Bank as administrative agent and eight lead arrangers (JPMorgan, BofA, Capital One, Citigroup, Huntington, MUFG, Texas Capital, Wells Fargo). The $500 million facility funds the acquisition of Pilot Water Solutions LLC, refinances existing facilities, and covers transaction expenses. The facility carries floating-rate pricing (Term SOFR or ABR) with leverage-based grid from 2.25%–3.25% on Term Benchmark loans and 1.25%–2.25% on ABR loans, plus 0.375%–0.50% commitment fee. No financial covenants are disclosed in the excerpt.
Why this rating
Boilerplate credit facility documentation; routine syndicated financing for stated acquisition. No material financial change disclosed relative to $837.4B market cap.
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