NYSE:WMSBuilding
Is Advanced Drainage Systems (WMS) Quietly Recasting Its Balance Sheet To Support a New Growth Phase?
On February 27, 2026, Advanced Drainage Systems, Inc. fully redeemed its outstanding 5.000% Senior Notes due 2027 with an original principal of US$350 million, while also implementing a Fourth Amendment to its 2019 Credit Agreement that refinanced its term facility, extended loan maturities, and increased its revolving credit capacity.
This combination of retiring fixed‑rate notes and expanding bank credit lines reshapes the company’s funding mix, potentially affecting interest costs,...