NYSE:WMSBuilding
Is Advanced Drainage Systems’ Major Refinancing Package Reshaping The Investment Case For WMS?
Advanced Drainage Systems, Inc. recently completed a US$500,000,000 private offering of 5.375% senior unsecured notes due 2034, alongside plans to amend and expand its senior secured credit facility and extend maturities while refinancing its existing borrowings and redeeming its 5.000% senior notes due 2027.
This refinancing package reshapes the company’s capital structure by locking in long-term funding, enlarging its revolving and term loan capacity, and potentially increasing financial...