Aris Water Solutions, Inc. (NYSE: ARIS) has successfully priced an upsized offering of $500 million aggregate principal amount of 7.250% senior notes due 2030. This is an increase from the original offering size of $400 million. The notes will be issued at par and are expected to close on March 25, 2025.
The company intends to use the net proceeds from the offering for several purposes. These include redeeming all of its outstanding 7.625% senior notes due 2026 at par, repaying all outstanding borrowings under the issuer’s credit facility, and for general corporate purposes.
It's important to note that the notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. They may only be offered or sold in the United States if registered or an applicable exemption from the registration requirements is met. The offering is being made to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the United States in compliance with Regulation S under the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, and there shall be no sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Following these announcements, the company's shares moved -0.2%, and are now trading at a price of $30.49. For more information, read the company's full 8-K submission here.
