Brief: Advanced Drainage Systems Announces Proposed $500 Million Senior Notes Offering

Advanced Drainage Systems

02/06/2022 12:33

June 2 (Reuters) - Advanced Drainage Systems Inc  WMS.N :
    * ADVANCED DRAINAGE SYSTEMS ANNOUNCES PROPOSED $500 MILLION
SENIOR
NOTES OFFERING
    * ADVANCED DRAINAGE - INTENDS, SUBJECT TO MARKET AND OTHER
CONDITIONS, TO COMMENCE AN OFFERING OF UP TO $500 MILLION OF
SENIOR UNSECURED NOTES DUE 2030
    * ADVANCED DRAINAGE SYSTEMS - INTENDS TO USE PROCEEDS FOR
REPAYMENT IN FULL OF OUTSTANDING BORROWINGS UNDER SENIOR SECURED
REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nBw8sPSZ3a 
Further company coverage:  WMS.N