---
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"
generated_at: "2026-05-17T05:28:58.790506+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WaterBridge secures $500M revolver and launches $1.4B senior notes to refinance term loans

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-221810
- JSON: https://secwatch.observer/filing/0001193125-25-221810.json
- Plain text: https://secwatch.observer/filing/0001193125-25-221810.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.