WaterBridge Announces Closing of Upsized Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares
HOUSTON–(BUSINESS WIRE)–WaterBridge Infrastructure LLC (“WaterBridge”) closed its upsized initial public offering of 31,700,000 Class A shares representing limited liability company interests in WaterBridge (“Class A shares”) at a price to the public of $20.00 per Class A share. In addition, the underwriters exercised in full their option to purchase an additional 4,755,000 Class A shares (“Option Shares”) at the public offering price, less underwriting discounts and commissions.
WaterBridge received net proceeds of approximately $588 million from the offering, after deducting underwriting discounts and commissions and offering expenses. WaterBridge expects to receive additional net proceeds of approximately $89 million, after deducting underwriting discounts and commissions and offering expenses, on September 22, 2025 in connection with the closing for the Option Shares, subject to the satisfaction of customary closing conditions.
J.P. Morgan and Barclays acted as lead book-running managers for the offering. Additional book-running managers for the offering were Goldman Sachs & Co. LLC, Morgan Stanley, Wells Fargo Securities, Piper Sandler, Raymond James and Stifel. Texas Capital Securities, Pickering Energy Partners, Janney Montgomery Scott, Johnson Rice & Company and Roberts & Ryan acted as co-managers for the offering.
Registration statements relating to the Class A shares offered in the initial public offering have been filed and became effective on September 16, 2025 (the “Registration Statements”). The offering of these securities was made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. Copies of the prospectus related to these securities can be obtained from any of the following sources:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Email: prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com
Barclays Capital Inc.
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com