debt
confidence high
sentiment neutral
materiality 0.50
WaterBridge launches $100M add-on of 6.500% Senior Notes due 2033 to repay revolver
WaterBridge Infrastructure LLC
- $100M aggregate principal of 6.500% Senior Notes due 2033, add-on to existing $600M series issued Oct 2025.
- Proceeds repay outstanding revolver borrowings; private placement under Rule 144A/Reg S to eligible purchasers.
- RCF upsized Aug 4, 2026 from $500M to $750M; applicable margins and LC fees reduced by 0.25%.
- Closed Ranger Water Midstream acquisition June 22, 2026 for $80M cash; Lea County, NM produced water assets.
- Northern Delaware Basin Landfill acquisition ~$189M (net $169M after $20M land sale to LandBridge), Q3 2026 close expected.