{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-221810","form_type":"8-K","ticker":"WBI","cik":"0002064947","company_name":"WaterBridge Infrastructure LLC","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.932703+00:00","generated_at":"2026-05-17T05:28:58.790506+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WaterBridge secures $500M revolver and launches $1.4B senior notes to refinance term loans","bullets":["Enters $500M secured revolving credit facility with Truist Bank and other lenders; maturity September 2030 or earlier per terms.","Announces private offering of $1.4B in two series of senior notes to repay legacy term loans with $1.712B outstanding.","Proceeds from notes plus cash on hand used to refinance term loans; revolver available for working capital.","Credit Agreement covenants: interest coverage >=2.50x, net leverage <=5.00x (step-up to 5.25x post-acquisition), senior secured leverage <=3.50x.","Pricing: SOFR + 2.00%-3.00% margin based on leverage; base rate +1.00%-2.00%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-221810","json":"https://secwatch.observer/filing/0001193125-25-221810.json","markdown":"https://secwatch.observer/filing/0001193125-25-221810.md","text":"https://secwatch.observer/filing/0001193125-25-221810.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2064947/000119312525221810/0001193125-25-221810-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2064947/000119312525221810/wbi-20250926.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:28:58.790506+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}