Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 496

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 496
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 2025 |   |     |   | December 31, 
         2024 |   |
|:-------------------------------------------------|:--|---------:|:--|:----|:--|-------------:|:--|
| Term loan                                        | $ |   14,000 |   |     | $ |       10,000 |   |
| Insurance note payable                           |   |      244 |   |     |   |          527 |   |
| Less unamortized debt issuance costs             |   |     (303 | ) |     |   |         (242 | ) |
| Total debt, net                                  | $ |   13,941 |   |     | $ |       10,285 |   |
| Less current portion                             |   |   (2,744 | ) |     |   |       (2,527 | ) |
| Total long-term debt, net of debt issuance costs | $ |   11,197 |   |     | $ |        7,758 |   |

Desert Credit Facilities The Company has a credit facility (the "Desert Credit Facility") providing for a (i) $10.0 million delayed draw term loan (the "Desert Initial Term Loan") and (ii) $2.0 million revolving credit facility (the "Desert Revolving Commitments"). On March 1, 2024, the Company entered into the First Amendment to Credit Agreement to provide for an adjusted loan repayment schedule. On February 4, 2025, the Company entered into the Second Amendment to Credit Agreement to (i) add a new a $5.0 million term loan commitment under the Desert Credit Facility (the "Desert Second Amendment Term Loan"), (ii) increase the Desert Revolving Commitments under the Desert Credit Facility to $4.0 million, and (iii) extend the maturity dates of each of the term loans and revolving commitments issued thereunder.

<div align='center'>F-130

Desert Environmental LLC and Subsidiaries

Notes to the Unaudited Condensed Consolidated Financial Statements</div>

The Desert Initial Term Loan matures on March 31, 2030, the Desert Revolving Commitments mature on October 3, 2027, and the Desert Second Amendment Term Loan matures on October 3, 2030. The Desert Credit Facility is secured by a first-priority lien on substantially all assets of the Company, a pledge by the Parent of