Select Water Solutions, Inc. announced on January 28, 2025, the successful closing of a new five-year senior secured sustainability-linked credit facility totaling $550 million. This facility includes an initial $300 million revolving credit commitment and $250 million in term loan commitments.
The new credit facility provides enhanced long-term financial stability and flexibility, with the option to expand by an additional $200 million over the next four years. It replaces the previously amended and restated credit agreement, which was repaid in full and terminated.
The facility incorporates sustainability-linked targets, offering reduced borrowing costs for achieving measurable milestones in growing produced water recycling volumes and maintaining industry-leading safety standards. This reinforces Select's commitment to environmental stewardship and employee safety.
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