Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 486

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 486
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 note for the payment of insurance premiums with an aggregate principal amount of $294 thousand payable through December 2023. The note payable incurred interest at a fixed rate of 6.80% during 2023. Interest expense incurred on the outstanding note payable during the year ended December 31, 2023 was $10 thousand. At December 31, 2023, there was no outstanding balance on the note payable. As of December 31, 2024, estimated future principal payment obligations related to the debt for each of the next five years are as follows:

| Year Ending December 31,                                
 2025                                                    |     |   |  2,527 |
|:--------------------------------------------------------|:----|:--|-------:|
| 2026                                                    |     |   |  2,000 |
| 2027                                                    |     |   |  2,000 |
| 2028                                                    |     |   |  2,000 |
| 2029                                                    |     |   |  2,000 |
| Total maturities before unamortized debt issuance costs |     | $ | 10,527 |

Note 6. Member’s Equity As provided for in the LLC Agreement, the Parent (the “sole member”) holds 100% of the limited liability company interests of the Company. The Parent’s limited liability company interests are generally consistent with ordinary equity ownership interests. Distributions (including liquidating distributions) are to be made to the sole member at the discretion of the board of managers of the Parent, as the governing body of the parent entity of each of the sole member and the Company. The sole member’s equity account will be adjusted for distributions paid to the member and additional capital contributions that are made by the sole member. All revenues, costs and expenses of the Company are allocated to the sole member. The Parent has two classes of member’s capital: Series A Units and Incentive Units. Series A members have voting rights. No interest shall be paid to any member on any capital contributions. The Incentive Units constitute profits interests, issued to Company employees. The Parent is authorized to issue, with Board approval, up to an aggregate of 10,000 incentive units. The Incentive Units vest annually over a period of three years. A summary of Incentive Units activity during the year ended December 31, 2024 and 2023 is shown in the following table:

| Outstanding at January 1, 2023