Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 129

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 129
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 | Purchase of OpCo equity interests         | $ | 228,162,000 |
|                                   |   |             |     | Repayment of outstanding indebtedness     |   | 129,000,000 |
|                                   |   |             |     | General company purposes                  |   | 230,390,275 |
|                                   |   |             |     | Underwriting discounts, fees and expenses |   |  46,447,725 |
| Total                             | $ | 634,000,000 |     | Total                                     | $ | 634,000,000 |

The proceeds from the indebtedness to be repaid with the proceeds of the offering were used for general company purposes, including funding capital growth projects. If the underwriters exercise their option to purchase additional Class A shares in full, we expect to receive approximately $89.4 million of additional net proceeds based upon the public offering price of $20.00 per Class A share. We intend to contribute all of the net proceeds from any exercise of such option to OpCo in exchange for additional OpCo Units. OpCo intends to use such additional net proceeds for general company purposes, including funding working capital and future growth projects. After the application of the net proceeds from this offering, (i) we will own approximately 32.4% of the outstanding OpCo Units (or approximately 35.0% of the outstanding OpCo Units if the underwriters’ option to purchase additional Class A shares is exercised in full), (ii) the Five Point Members will collectively own approximately 8.9% of the outstanding Class A shares, approximately 73.2% of the outstanding Class B shares and approximately 49.4% of the outstanding OpCo Units (or approximately 7.9% of the outstanding Class A shares, approximately 73.2% of the outstanding Class B shares and approximately 47.5% of the outstanding OpCo Units if the underwriters’ option to purchase additional Class A shares is exercised in full), (iii) Devon Holdco will own approximately 22.1% of the outstanding Class B shares and approximately 15.0% of the outstanding OpCo Units (or approximately 22.1% of the outstanding Class B shares and approximately 14.4% of the outstanding OpCo Units if the underwriters’ option to purchase additional Class A shares is exercised in full), (iv) Elda River will own approximately 4.7% of the outstanding Class B shares and approximately 3.