Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 127

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 127
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USE O F PROCEEDS We expect to receive approximately $ million of proceeds (or $ 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 $ 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.” We intend to (i) use approximately $ 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 certain outstanding indebtedness of WaterBridge Operating, NDB Operating and Desert Environmental. The following table illustrates the anticipated use of the proceeds of this offering:

| Sources of Funds                  | (in millions) |     | Uses of Funds                             | (in millions) |
|:----------------------------------|:--------------|:----|:------------------------------------------|:--------------|
| Gross proceeds from this offering | $             |     | Purchase of OpCo equity interests         | $             |
|                                   |               |     | Repayment of outstanding indebtedness     |               |
|                                   |               |     | Underwriting discounts, fees and expenses |               |
| Total                             | $             |     | Total                                     | $             |

The following table sets forth information regarding the indebtedness that we intend to repay with the net proceeds of this offering:

|       |     | Amount to be  Repaid(1) |     | Interest  Rate(2) |     | (3) | Maturity Date |
|:------|:----|:------------------------|:----|:------------------|:----|:----|:--------------|
| Total |     | $                       |     |                   |     |     |               |

(1) Amounts based on projected debt balance as of . (2) SOFR refers to Secured Overnight Financing Rate. (3) Interest rate resets on . The proceeds from the indebtedness to be repaid with the proceeds of the offering were used to fund working capital, growth projects and for general corporate purposes. If the underwriters exercise their option to purchase additional Class A shares