WaterBridge Infrastructure LLC (WBI) Form 424B3 — Aug 18, 2026
On August 18, 2026, WBI Operating LLC, a subsidiary of WaterBridge Infrastructure LLC, completed a private placement of an additional $150,000,000 aggregate principal amount of 6.500% Senior Notes due 2033. The offering was upsized from the initially announced $100,000,000 and was sold to qualified institutional buyers and non-U.S. persons in reliance on Rule 144A and Regulation S. Net proceeds will be used to repay a portion of outstanding borrowings under the company's revolving credit facility.
Key figures
- Debt Amount
- 150000000
- Interest Rate
- 6.5
- Maturity Date
- 2033
- Change of control put
- 101% of principal plus accrued interest, conditioned on downgrade by two rating agencies
- Early redemption terms
- up to 40% of notes redeemable at 106.500% before Oct 15, 2028 (equity-proceeds funded); 100% plus applicable premium before Oct 15, 2030
- New notes principal usd
- 150000000
- Registered resale shares
- 83250000
- Initial offering size usd
- 100000000
- Existing notes principal usd
- 600000000
- Last reported share price usd
- 31.78
AI analysis
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