WaterBridge prices $150 million senior notes at 6.5%
The infrastructure-focused firm issues senior unsecured notes to fund growth initiatives and refinance existing debt.
WaterBridge has priced a $150 million senior notes offering at a 6.5% coupon rate, according to a company filing.
The senior unsecured notes, due in 2034, will fund general corporate purposes including growth initiatives and the refinancing of existing debt obligations. The issuance follows the firm’s strategic expansion in water and wastewater infrastructure projects across North America.
Proceeds from the offering will support WaterBridge’s pipeline of contracted assets, which the company has cited as a key driver of its long-term revenue visibility. The notes carry a fixed interest rate of 6.5%, payable semiannually, with a final maturity set for June 2034.
Investment banks acted as joint bookrunners on the deal, though specific underwriters were not disclosed in the filing. The transaction is subject to customary closing conditions and regulatory approvals.
WaterBridge, a portfolio company of investment firm Ares Management, did not provide further details on investor demand or allocation breakdowns.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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