Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 348

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 348
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 |  (28,000 | ) |
| Proceeds from term loan                                                           |     |                         |  575,000 |   |     |   |        - |   |
| Repayments on term loan                                                           |     |                         |   (1,438 | ) |     |   |        - |   |
| Proceeds from revolver                                                            |     |                         |   55,000 |   |     |   |  122,000 |   |
| Repayments on revolver                                                            |     |                         | (357,500 | ) |     |   |        - |   |
| Repayments on insurance financing note payable and asset financing payable        |     |                         |     (839 | ) |     |   |     (624 | ) |
| Debt issuance costs                                                               |     |                         |  (18,858 | ) |     |   |   (1,544 | ) |
| Principal payments on finance leases                                              |     |                         |   (1,148 | ) |     |   |     (862 | ) |
| Net cash provided by financing activities                                         |     |                         |  250,217 |   |     |   |  128,787 |   |
| Net increase in cash and cash equivalents                                         |     |                         |      415 |   |     |   |    5,980 |   |
| Cash and cash equivalents - beginning of period                                   |     |                         |   12,869 |   |     |   |    6,889 |   |
| Cash and cash equivalents - end of period                                         |     | $                       |   13,284 |   |     | $ |   12,869 |   |

See accompanying notes to the consolidated financial statements

<div align='center'>F-22

WaterBridge NDB Operating LLC and Subsidiaries

Notes to the Consolidated Financial Statements</div>

WaterBridge NDB Operating LLC (together with its subsidiaries, the “Company”, “we”, “our”, or “us”) is a Delaware limited liability company headquartered in Houston, Texas that was formed in February 2020 by WaterBridge NDB LLC (“WB NDB”), a Delaware limited liability company. WB NDB was capitalized in June 2020 by funds affiliated with Five Point Energy Fund II LP and Five Point Energy Fund III LP and certain members of management.

On June 8, 2022, WB NDB, EVX Midstream Partners