Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 130

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 130
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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 certain outstanding indebtedness of WaterBridge Operating, NDB Operating and Desert Environmental and for general company purposes, including funding working capital and future growth projects. The following table illustrates the anticipated use of the proceeds of this offering:

| Sources of Funds                  |   |             |     | Uses of Funds                             |   |             |
|:----------------------------------|:--|------------:|:----|:------------------------------------------|:--|------------:|
| Gross proceeds from this offering | $ | 499,500,000 |     | Purchase of OpCo equity interests         | $ | 228,162,000 |
|                                   |   |             |     | Repayment of outstanding indebtedness     |   | 129,000,000 |
|                                   |   |             |     | General company purposes                  |   | 103,960,275 |
|                                   |   |             |     | Underwriting discounts, fees and expenses |   |  38,377,725 |
| Total                             | $ | 499,500,000 |     | Total                                     | $ | 499,500,000 |

The proceeds from the indebtedness to be repaid with the proceeds of the offering were used for general company purposes, including funding capital 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