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The latest update is out from Select Energy Services ( (WTTR) ).
On January 24, 2025, Select Water Solutions entered into a new five-year, $550 million sustainability-linked credit facility, replacing its previous credit agreement. This facility includes a $300 million revolving credit commitment and a $250 million term loan, enhancing the company’s financial stability and liquidity to support growth in its sustainable water infrastructure networks and recycling technologies. The agreement incentivizes Select Water Solutions with reduced borrowing costs for achieving sustainability targets and emphasizes the company’s commitment to environmental stewardship and safety. This strategic move is expected to strengthen Select’s balance sheet, expand liquidity, and support its growth through organic and acquisition opportunities, underlined by the company’s significant contracted infrastructure projects.
More about Select Energy Services
Select Water Solutions, Inc. is a leading provider of sustainable water and technology solutions to the energy industry. The company focuses on critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities, emphasizing environmentally responsible water management.
YTD Price Performance: -5.31%
Average Trading Volume: 902,041
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.55B
For an in-depth examination of WTTR stock, go to TipRanks’ Stock Analysis page.
