Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 54

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 54
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 “Certain Relationships and Related Party Transactions—Shareholders’ Agreement” and “Our Operating Agreement—Anti-Takeover Effects of Delaware Law and Our Operating Agreement—Other Provisions of Our Operating Agreement.” |

33

| Use of proceeds       |     | We expect to receive approximately $461.1 million of proceeds (or approximately $531.6 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 $18.50 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 (Conflicts of Interest).”We intend to (i) use approximately $228.2 million of the net proceeds from this offering to purchase a portion of the OpCo Interests held by Elda River 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 approximately $129.0 million of the outstanding indebtedness of WaterBridge Operating LLC, a Delaware limited liability company (“WaterBridge Operating”), NDB Operating and Desert Environmental, and approximately  $104.0 million for general company purposes, including funding working capital and future growth projects.If the underwriters exercise their option to purchase additional Class A shares in full, we expect to receive approximately $ 70.4 million of additional net proceeds based upon the assumed public offering price of $18.50 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 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, we will own approximately 29.6% of the outstanding OpCo Units (or approximately 32.0% of the outstanding OpCo Units if the underwriters’ option to purchase additional Class A shares is exercised in full).Please see “Use of Proceeds” for a more complete description of the intended use of proceeds from this offering. |
| Conflicts of interest |     | A portion of the net