WaterBridge upsizes senior notes sale to $150 million to repay revolver borrowings
WaterBridge's subsidiary WBI Operating LLC completed a private placement of an additional $150 million of 6.500% senior notes due 2033, upsized from an initial $100 million. The company plans to use the net proceeds to repay part of its revolving credit facility, and the new notes are part of the same series as the $600 million of existing notes.
Key points
- Additional $150 million aggregate principal of 6.500% senior notes due 2033 completed on August 18, 2026, after pricing was announced August 13, 2026
- Offering was upsized from an initial $100 million
- Net proceeds intended to repay a portion of outstanding revolving credit facility borrowings
- Notes are guaranteed by the issuer's existing subsidiaries on a senior unsecured basis and were sold under Rule 144A and Regulation S
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.