Latham Advises on Select Water Solutions’ Upsized US$900 Million Senior Notes Offering

Select Water Solutions, Inc. (NYSE: WTTR) has announced that its subsidiary, Select Water Holdings LLC, has priced its previously announced offer to eligible purchasers of US$900 million aggregate principal amount of 7.625% Senior Notes due 2034. The notes offering was upsized from an initial offering amount of US$800 million. The notes mature on November 1, 2034, and pay interest at the rate of 7.625% per year and were priced at par. The net proceeds will be used in connection with the acquisition of the company’s previously announced acquisition of Pilot Water Solutions.

Latham & Watkins LLP advised the underwriters on the offering with a corporate deal team led by Houston partners David Miller, Ryan Maierson, and John Slater, with associates Emma Fichtel, Luisa Yokubaitis, Natalie Merten, and with assistance from Meenakshi Baddela. Advice was also provided on finance matters by Houston/New York partner Craig Kornreich and counsel Natalie McFarland, with associates Joanna Zhao and Julia Harriman; on tax matters by Houston partner Bryant Lee, with associate Lucas Migliano; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nathaniel Glynn.