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Advanced Drainage Systems to Launch $500 Million Senior Notes Offering

BY MT Newswires | CORPORATE | 02/12/26 09:29 AM EST

09:29 AM EST, 02/12/2026 (MT Newswires) -- Advanced Drainage Systems (WMS) said Thursday that it plans to launch a private offering of up to $500 million of senior unsecured notes due 2034.

In connection with the offering, the company said it intends to amend its existing senior secured credit facility to increase the revolving credit facility to $750 million from $600 million, boost the term loan B to $600 million from $408 million, and extend the maturity date.

Net proceeds from the offering, along with the funds from the term loan B portion of the amended credit facility, will be used to refinance the outstanding balance under the existing senior secured credit facility and redeem all of its outstanding 5.000% senior notes due 2027, the company said.

Advanced Drainage (WMS) shares were 1.1% higher in premarket trading.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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