Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 484

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 484
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 $ | 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, 2024, the Company amended the Credit Facility such that the Company is required to make Term Loan amortization payments on the last business day of each quarter beginning on March 31, 2025 in an amount equal to $500,000 plus accrued interest. The Company may elect for borrowings under the Credit Facilities to accrue interest at a rate based on either (i) the secured overnight financing rate (“Term SOFR Loans”) or (ii) the base rate (“Base Rate Loans”), in each case plus an applicable margin, which such margin is determined by reference to the Company’s leverage ratio. Term SOFR Loans accrue interest at a rate equal to Term SOFR for the applicable tenor, plus the applicable margin. Base Rate Loans accrue interest at a rate equal to the highest of (a) the rate of interest which the administrative agent announces from time to time as its prime lending rate, (b) the federal funds rate plus 0.50%, and (c) Term SOFR for a one-month tenor plus 1.00%. Interest on all outstanding Base Rate Loans shall be payable quarterly in arrears on the last business day of each March, June, September, and December. Interest on all outstanding Term SOFR Loans shall be