Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 463

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 463
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 |     | $    |  127 |   |     | $                |  235 |   |     | $    |  195 |   |
| Commitment fees                  |     | $                  |  125 |   |     | $    |  103 |   |     | $                |  250 |   |     | $    |  210 |   |
| Interest costs incurred          |     | $                  |   20 |   |     | $    |   96 |   |     | $                |   20 |   |     | $    |   96 |   |
| Weighted average interest rate   |     |                    | 8.17 | % |     |      | 9.06 | % |     |                  | 8.17 | % |     |      | 9.06 | % |

During the three and six months ended June 30, 2025, the Company recorded $2.7 million in capitalized interest. 6. Members’ Equity As of June 30, 2025: • WBR, WB II, WB 892 and Co-Invest owned 27.18%, 26.55%, 38.09% and 8.18% of the issued and outstanding Class A limited liability company interests (“Class A units”) of the Company, respectively; • Elda River owned 100% of the issued and outstanding Series A preferred units (“Series A Preferred Units”) of the Company; and • WB 892 and Co-Invest II owned 38.09% and 61.91% the issued and outstanding Series B preferred units (“Series B Preferred Units”) of the Company. Distributions (including liquidating distributions) are to be made to the members at the discretion of the board of managers of Holdings, as the governing body of the Company. Distributions are required to be distributed first to the Series A Preferred Units, followed by the Class A shares and Series B preferred units in accordance with the terms and conditions of the LLCA. Each member’s equity account will be adjusted for distributions paid to such member and additional capital contributions that are made by such member. All revenues, costs and expenses of the Company are allocated to the members. 7. Mezzanine Equity Redeemable Series A Preferred Units On December 13, 2019, the Company issued 150,000 Series A Preferred Units (“Redeemable Series A Preferred Units”) to Eld