Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 286

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 286
---
 the cover of this prospectus), because it expects to use the resulting gross proceeds of $400.0 million, to pay (i) underwriting discounts of $22.0 million and estimated other offering costs of $6.5 million, (ii) repayment of outstanding debt of $73.9 million, and (iii) purchase of the OpCo preferred equity interests held by the Legacy Preferred Holder of $297.6 million;

a provision for corporate income taxes at an effective rate of % for the year ended December 31, 2024, inclusive of all U.S. federal, state and local income taxes;

the WaterBridge Combination as described elsewhere in this prospectus; and

an increase in borrowings under the A&R Revolving Credit Facility and repayment and termination of the NDB revolving credit facility.

The unaudited pro forma condensed combined balance sheet of the Company is based on the unaudited historical condensed consolidated balance sheets of NDB Operating and WBEF as of March 31, 2025 and includes pro forma adjustments to give effect to the described Transactions as if they had occurred on March 31, 2025.

The unaudited pro forma condensed combined statement of operations of the Company are based on the audited historical consolidated statements of operations of NDB Operating and WBEF for the year ended December 31, 2024, and the unaudited historical consolidated statements of operations of NDB Operating and WBEF for the three months ended March 31, 2025 having been adjusted to give effect to the described Transactions as if they occurred on January 1, 2024.

The unaudited pro forma condensed combined financial statements have been prepared on the basis that the Company will be taxed as a corporation under the Internal Revenue Code of 1986, as amended, and as a result, will become a tax-paying entity subject to U.S. federal and state income taxes, and should be read in conjunction with “Corporate Reorganization,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and with the audited historical consolidated financial statements and related notes of NDB Operating and WBEF included elsewhere in this prospectus.

The pro forma data presented reflect events directly attributable to the described Transactions and certain assumptions the Company believes are reasonable. The pro forma data are not necessarily indicative of financial results that would have been attained had the described Transactions occurred on the dates indicated above or which could be achieved in the future because they necessarily exclude various operating expenses, such as incremental general