Company: WBI
Filing Date: 2025-09-24
Form Type: 8-K
Source: 0001193125-25-215831
Chunk: 2

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-24
Form: 8-K
Item: Item 1.01
Chunk 2
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as defined in the SDB

Amendment) and the SDB Borrower Assumption, (ii) in connection with the SDB Borrower Assumption, permit the assumption and incurrence of the term loan obligations under the NDB Term Loan Credit Agreement (as defined in the SDB Amendment) in an aggregate outstanding principal amount not to exceed $575 million, (iii) in connection with the SDB Borrower Assumption, permit the assumption and incurrence of the revolving commitments and loans outstanding under the NDB Revolving Credit Agreement in an aggregate outstanding principal amount not to exceed $100 million, (iv) in connection with the WBR Specified Transaction, consent to the designation of the indebtedness under the SDB Revolving Credit Agreement, certain hedging obligations and certain cash management obligations from “ First-Out Debt” to “ First Lien Debt” under the Collateral Agency Agreement (as defined in the SDB Amendment) and (v) the other amendments and transactions to be effected pursuant to SDB Amendment.

The foregoing description is not complete and is qualified in its entirety by reference to the full text of the SDB Amendment, which is attached as Exhibit 10.2 to this Report and incorporated in this Item 1.01 by reference.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

WaterBridge Infrastructure LLC Long Term Incentive Plan Awards and Transaction Bonuses

In connection with the Offering, the Company adopted the WaterBridge Infrastructure LLC Long Term Incentive Plan (the “ LTIP”). On September 18, 2025, the Company’s board of directors (the “ Board”) approved (a) the form of WaterBridge Infrastructure LLC Restricted Share Unit Award Agreement (the “ RSU Agreement”) and (b) grants of equity-based compensation awards to certain employees, including the Company’s named executive officers, pursuant to the LTIP, with such grants effective as of September 18, 2025 (the “ Grant Date”).

RSU Agreements

Under each RSU Agreement, the Company’s named executive officers received a number of restricted share units (“ RSUs”) as set forth below, which vest and become exercisable in three (3) equal installments starting on September 18, 2025, so long as the participant remains continuously employed by or providing services to the Company or an affiliate, as applicable, through each such vesting date.

The named executive