Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 419

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 419
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 of ECF if the net first lien leverage ratio is less than 4.50:1.00 but above 4.00:1.00, and (iv) 0% if the net first lien leverage ratio is less than 4.00:1.00. Mandatory prepayments of Existing Term Loan B Loans from ECF are subject to customary deductions, including voluntary prepayments of the Existing Term Loan B or other pari passu debt, or payments of the Revolving Credit Facility to the extent such prepayment constitutes a permanent reduction of revolving commitments thereunder. These voluntary Existing Term Loan B prepayments or payments made in conjunction with an equal reduction of commitments under the Revolving Credit Facility may occur within 90 calendar days after year end. In the event ECF in any year is equal to or less than $5.0 million, no mandatory prepayment shall be required. Debt issuance costs associated with the Original Term Loan B and Existing Term Loan B, as applicable, consist of fees incurred to secure the financing and are amortized over the life of the loan using a method which approximates the effective interest method as a direct deduction from the carrying amount of the related long-term debt. The table below summarizes the amortization and write off of debt issuance costs and interest expense associated with the Term Loan B which are included in interest expense, net, on the consolidated statements of operations.

|                                  |     | Year Ended December 31, |    2024 |   |     |   |    2023 |   |
|:---------------------------------|:----|:------------------------|--------:|:--|:----|:--|--------:|:--|
| Term Loan B                      |     |                         |         |   |     |   |         |   |
| Debt issuance costs amortization |     | $                       |   9,465 |   |     | $ |   8,607 |   |
| Debt issuance cost write off     |     | $                       |   3,448 |   |     | $ |       - |   |
| Interest expense                 |     | $                       | 121,016 |   |     | $ | 112,227 |   |
| Weighted average interest rate   |     |                         |   10.51 | % |     |   |   10.94 | % |

Revolving Credit Facility On June 27, 2024, the Revolving Credit Facility was amended and restated (the