Company: WBI
Filing Date: 2025-04-18
Form Type: DRS
Source: 0000950123-25-003575
Chunk: 109

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-04-18
Form: DRS
Chunk 109
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‑looking statements we may make.

All forward‑looking statements, expressed or implied, included in this prospectus are expressly qualified in their entirety by this cautionary note. This cautionary note should also be considered in connection with any subsequent written or oral forward‑looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward‑looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this prospectus.

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USE O F PROCEEDS We expect to receive approximately $ million of proceeds (or $ million if the underwriters’ option to purchase additional Class A shares is exercised in full) from this offering based upon the assumed public offering price of $ per Class A share (the midpoint of the price range set forth on the cover page of this prospectus), net of underwriting discounts and estimated offering expenses payable by us. See “Underwriting.” We intend to (i) use approximately $ million of the net proceeds from this offering to purchase in full the OpCo preferred equity interests held by the Legacy Preferred Holder and (ii) contribute all of the remaining net proceeds from this offering to OpCo in exchange for newly issued OpCo Units at a per unit price equal to the per share price paid by the underwriters for our Class A shares in this offering. OpCo intends to use the remaining net proceeds from this offering to repay outstanding indebtedness of WaterBridge Operating and its subsidiaries. The following table illustrates the anticipated use of the proceeds of this offering:

| Sources of Funds                  | (in millions) |     | Uses of Funds                               | (in millions) |
|:----------------------------------|:--------------|:----|:--------------------------------------------|:--------------|
| Gross proceeds from this offering | $             |     | Purchase of OpCo preferred equity interests | $             |
|                                   |               |     | Repayment of outstanding indebtedness       |               |
|                                   |               |     | Underwriting discounts, fees and expenses   |               |
| Total                             | $             |     | Total                                       | $             |

If the underwriters exercise their option to purchase additional Class A shares in full, we expect to receive approximately $ million of additional net proceeds based upon the assumed public offering price of $ per Class A share (the midpoint of the price range set forth on the cover page of this prospectus). We intend to contribute all of the net proceeds