WaterBridge Infrastructure LLC (WBI) Form 8-K — Aug 18, 2026
WaterBridge Infrastructure LLC's subsidiary WBI Operating LLC completed a private placement of $150 million of additional 6.500% senior notes due 2033 on August 18, 2026. The deal was upsized 50% from the initially announced $100 million and priced at par. The new notes fold into the same series as the $600 million of 6.500% notes issued under the October 6, 2025 indenture, bringing total notes outstanding to $750 million. Proceeds will repay a portion of borrowings under the revolving credit facility, and the notes are guaranteed on a senior unsecured basis by the issuer's subsidiaries.
Key figures
- Debt Amount
- 150000000
- Interest Rate
- 6.5
- Maturity Date
- 2033
- Upsize
- 50% (from $100 million to $150 million)
- Pricing
- at par
- Equity clawback
- up to 40% of notes redeemable before October 15, 2028 at 106.500% of principal
- Offering method
- Rule 144A / Regulation S private placement, closed August 18, 2026
- Change of control put
- 101% of principal if change of control occurs along with downgrade by two rating agencies
- Initial offering size
- 100000000
- Existing indenture date
- October 6, 2025
- Existing notes principal
- 600000000
Price after filing
Close on the filing date to close N calendar days later (from $31.94). Historical, not a forecast.
AI analysis
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