Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 401

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 401
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iii) 50% of ECF if the leverage is less than 4.50:1:00 but above 4.00:1.00, (iv) 25% of ECF if the leverage ratio is less than 4.00:1.00 but above 3.50:1.00, and (v) 0% of ECF if the leverage ratio is less than 3.50:1.00. Mandatory prepayments of Term Loans from ECF are subject to certain deductions, including voluntary prepayments of the Term Loan or payments of the Revolving Credit Facility to the extent such payment constitutes a permanent reduction of revolving commitments. In the event ECF in any year is equal to or less than $5.0 million, no mandatory prepayment shall be required. The Company was in compliance with these covenants as of June 30, 2025. The Term Loan contains customary events of default, including for the failure of the Company or other loan parties to comply with the various financial, negative and affirmative covenants under the Term Loan (subject to the cure provisions set forth therein). During the existence of an event of default (as defined in the Term Loan), the agent may, or at the direction of the requisite lenders thereunder shall, terminate the commitments and/or declare all outstanding loans and accrued interest and fees under the Term Loan to be immediately due and payable (among other available remedies). The table below summarizes the amortization of debt issuance costs and interest expense associated with the Term Loan which are included in interest expense, net, on the consolidated statements of operations.

| Term Loan                        |     | Three Months Ended 
 June 30,           
 2025               |        |   |     | 2024 |       |   |     | Six Months Ended 
 June 30,         
 2025             |        |   |     | 2024 |       |   |
|:---------------------------------|:----|:-------------------|-------:|:--|:----|:-----|------:|:--|:----|:-----------------|-------:|:--|:----|:-----|------:|:--|
| Debt issuance costs amortization |     | $                  |    925 |   |     | $    |   586 |   |     | $                |  1,901 |   |     | $    |   586 |   |
| Interest costs incurred          |     | $