Company: WBI
Filing Date: 2025-09-08
Form Type: S-1/A
Source: 0000950170-25-113383
Chunk: 491

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-08
Form: S-1/A
Chunk 491
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 Subsidiaries

Notes to Consolidated Financial Statements</div>

Note 5. Debt Total debt consisted of the following at December 31, 2024 and 2023:

|                                                  |     |   |   2024 |   |     |   |  2023 |   |
|:-------------------------------------------------|:----|:--|-------:|:--|:----|:--|------:|:--|
| Term loan                                        |     | $ | 10,000 |   |     | $ | 4,000 |   |
| Insurance note payable                           |     |   |    527 |   |     |   |     - |   |
| Less unamortized debt issuance costs             |     |   |   (242 | ) |     |   |  (281 | ) |
| Total debt, net                                  |     | $ | 10,285 |   |     | $ | 3,719 |   |
| Less current portion                             |     |   | (2,527 | ) |     |   |     - |   |
| Total long-term debt, net of debt issuance costs |     | $ |  7,758 |   |     | $ | 3,719 |   |

Credit Facilities On October 3, 2023, the Company entered into a credit agreement providing for (i) a delayed draw term loan (the "Term Loan") and (ii) a revolving credit facility (the “Revolving Credit Facility”, and together with the Term Loan, the “Credit Facilities”). The total commitment of the Term Loan is $10 million, of which $4 million was drawn on the closing date of the Credit Facilities. The lender’s commitment to provide loans under the Term Loan expired 12-months following the closing date (the “Delayed Draw Period”). The entire amount of the Term Loan was drawn prior to expiration of the Delayed Draw Period. The Term Loan matures on October 3, 2029. The Revolving Credit Facility commitment is equal to the lesser of (i) $2 million and (ii) the borrowing base, which is based on a specified percentage of certain eligible accounts of the Company (the “Borrowing Base”). For the years ended December 31, 2024 and 2023, the Company did not draw on the Revolving Credit Facility. The Revolving Credit Facility matures on October 3, 2026. On March 1,