WaterBridge Infrastructure (WBI) said Thursday its WBI Operating unit has priced an expanded $150 million debt offering of 6.5% senior notes due 2033 at par.
The company increased the placement size from $100 million and expects to close the transaction on Aug. 18, subject to standard conditions, it added.
WaterBridge said it plans to use the offering net proceeds to repay a part of borrowings under its credit facility.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.