Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 398

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 398
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CF 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.

| Term Loan B                      |     | Three Months Ended March 31, 
 2025                         |        |   |     | 2024 |        |   |
|:---------------------------------|:----|:-----------------------------|-------:|:--|:----|:-----|-------:|:--|
| Debt issuance costs amortization |     | $                            |  2,170 |   |     | $    |  2,502 |   |
| Interest expense                 |     | $                            | 26,026 |   |     | $    | 32,036 |   |
| Weighted average interest rate   |     |                              |   9.08 | % |     |      |  11.35 | % |

Revolving Credit Facility On June 27, 2024, the Revolving Credit Facility was amended and restated (the "A&R RCF"). Pursuant to the A&R RCF, the total aggregate commitment amount increased from $85 million to $100 million. In addition, the maturity date of the Revolving Credit Facility was extended to June 27, 2028. The Revolving Credit Facility provides for revolving borrowings subject to compliance with various financial and other covenants common in such agreements that apply to the Company, including (i) a minimum debt service coverage ratio of 1.10:1.00 and a maximum net total leverage ratio of 5.00:1.00, in each case measured on a periodic basis, and (ii) restrictions on the ability to incur debt, grant liens, make dispositions, make distributions, engage in transactions with affiliates, or make investments. The Revolving Credit Facility also includes an incremental revolving commitment that enables the Company to increase the size of the facility, subject to the increasing lender’s willingness to participate and other customary terms and conditions, in