Item 7.01 Regulation FD Disclosure On February 12, 2026, Advanced Drainage Systems, Inc. (the “Company”) issued a press release announcing that it intends, subject to market and other conditions, to commence a private offering (the “Private Offering”) of up to $500 million aggregate principal amount of senior unsecured notes due 2034 (the “Notes”).…
Filed Feb 12, 2026Accepted Feb 12, 2026, 7:22 AM ESTCIK 1604028Accession 0001604028-26-000009
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On February 12, 2026, Advanced Drainage Systems, Inc. (the “Company”) issued a press release announcing that it intends, subject to market and other conditions, to commence a private offering (the “Private Offering”) of up to $500 million aggregate principal amount of senior unsecured notes due 2034 (the “Notes”). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in Item 7.01 on this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall any such information or exhibits be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”).
The information filed in this Form 8-K pursuant to Item 7.01, including the information contained in Exhibit 99.1 is neither an offer to sell nor a solicitation of an offer to buy any of the Notes in the Private Offering.
Exhibit 99.1
ADVANCED DRAINAGE SYSTEMS
ANNOUNCES PROPOSED $500 MILLION SENIOR NOTES OFFERING
HILLIARD, Ohio - (February 12, 2026) - Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries, today announced that the Company intends, subject to market and other conditions, to commence an offering (the “Offering”) of up to $500 million aggregate principal amount of senior unsecured notes due 2034 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed by each of the Company’s present and future direct and indirect domestic subsidiaries that guarantee its senior secured credit facility.
In connection with the issuance of the Notes, the Company expects to amend its existing senior secured credit facility to (i) increase the revolving credit facility from $600 million to $750 million, (ii) increase the term loan “B” from $408 million to $600 million, and (iii) extend the maturity date (the “Amended Credit Facility”). The closing of this Offerin…