Advanced Drainage Systems Inc, founded in 1966 and headquartered in Hilliard, Ohio, specializes in the design and manufacturing of water management products. The company is a key player in providing innovative drainage solutions, primarily through its comprehensive portfolio of pipes, fittings, and stormwater management systems.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WMS 5.00% 2027-09-30 USDAdvanced Drainage Systems Inc | United States | 2027-09-30 | 5.000 | 5.16 |
| WMS 5.00% 2027-09-30 USDAdvanced Drainage Systems Inc | United States | 2027-09-30 | 5.000 | 5.16 |
| WMS 6.38% 2030-06-15 USDAdvanced Drainage Systems Inc | United States | 2030-06-15 | 6.375 | 5.95 |
| WMS 6.38% 2030-06-15 USDAdvanced Drainage Systems Inc | United States | 2030-06-15 | 6.375 | 6.01 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Advanced Drainage Systems has actively engaged in the bond market since the 2010s, with significant issuances aimed at funding expansions and acquisitions that enhance its product lines. Notably, in 2021, the company issued $400 million in senior unsecured notes, which were well-received, reflecting strong demand and a competitive yield compared to industry peers. This issuance, alongside previous offerings, has positioned the company to accelerate growth while maintaining a solid balance sheet, as evidenced by the recent upgrades in its credit ratings.