NYSE:WMSBuilding
Debt Refinancing And New 2034 Notes Might Change The Case For Investing In Advanced Drainage Systems (WMS)
Advanced Drainage Systems recently priced a private offering of US$500 million in 5.375% senior unsecured notes due 2034, alongside plans to amend and expand its senior secured credit facility, primarily to refinance existing borrowings and redeem 5.000% senior notes due 2027.
This refinancing move, paired with a larger revolving facility and term loan capacity, reshapes the company’s funding flexibility and interest profile at a time of ongoing investment in its core water management...