Deal Details
Advanced Drainage Systems Completes $500 Million Senior Notes Offering
Summary
Advanced Drainage Systems, Inc. (“Advanced Drainage Systems” or the “Company”) (NYSE: WMS) recently completed a private offering of $500 million aggregate principal amount of its 6.375% senior unsecured notes due 2030. The Company intends to use the net proceeds from the offering for the repayment in full of the outstanding borrowings under its existing senior secured revolving credit facility, and the remainder for general corporate purposes.
Baird served as a co-manager on this offering.
About
Advanced Drainage Systems is the leading manufacturer of high-performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 70 manufacturing plants and 38 distribution centers. Advanced Drainage Systems is headquartered in Hilliard, Ohio.CONTACT US TO LEARN MORE
- Date
- June 2022
- Company
- Advanced Drainage Systems, Inc.
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Electronic Components
Flow, Motion and Power Technologies
- Target Geography
- North America
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