Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 320

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 320
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 Condensed Combined Financial Information related to the Acquisition of Desert Environmental in the WaterBridge Combination The Company made the following adjustments and assumptions related to the acquisition of Desert Environmental in the WaterBridge Combination in the preparation of the unaudited pro forma condensed combined balance sheet: (a) Reflects the elimination of related party receivables and related party payables between Desert Environmental and each of NDB Operating and WBEF. (b) Represents the elimination of historical debt issuance costs of $ million related to the Desert Term Loan and Revolving Credit Facility. (c) Reflects the elimination of related party revenues and capital expenditures between Desert Environmental and NDB Operating The Company made the following adjustments and assumptions related to the acquisition of Desert Environmental in the WaterBridge Combination in the preparation of the unaudited pro forma condensed combined statements of operations: (d) Reflects the elimination of related party revenues and direct operating costs between Desert Environmental and each of NDB Operating and WBEF. (e) Represents the elimination of Desert Environmental related party general and administrative expense and the related WBEF other income for management fees paid to WBEF by Desert Environmental under the Shared Services Agreement (as described in “Certain Relationships and Related Party Transactions”). Corporate Reorganization and Offering Adjustments to Unaudited Pro Forma Condensed Combined Financial Information The Company made the following adjustments and assumptions in the preparation of the unaudited pro forma condensed combined balance sheet: (a) Reflects the following adjustments:

| Gross proceeds from Offering                                   |     | $ | 500,000 |
| Less:                                                          |     |   |         |
| Underwriting discounts and commissions                         |     |   |  27,500 |
| Issuance expenses(1)                                           |     |   |   5,902 |
| Proceeds, net of underwriting and issuance expenses            |     | $ | 466,598 |
| Less:                                                          |     |   |         |
| Repayment of outstanding debt                                  |     |   | 192,447 |
| Acquisition of OpCo interests                                  |     |   | 228,553 |
| Retained proceeds from offering                                |     | $ |  45,598 |
| (1) Excludes $1.6 million of expenses paid as of June 30, 2025 |     |   |         |

(b) Represents the elimination of $5.1 million deferred offering costs associated with the Offering from Other assets and $3.5 million from Accrued liabilities, respectively