Company: WBI
Filing Date: 2025-08-04
Form Type: DRS/A
Source: 0000950123-25-006924
Chunk: 430

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-04
Form: DRS/A
Chunk 430
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ensed Consolidated Financial Statements</div>

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 an amount not to exceed $25 million. Commitments under the Revolving Credit Facility provide availability for the issuance of letters of credit on the Borrower’s behalf in an aggregate amount not to exceed $10.0 million. The Company was in compliance with the debt service coverage ratio covenant as of June 30, 2025. Pursuant to the terms of the Revolving Credit Facility, the Borrower’s Net Total Leverage Ratio was not tested as of June 30, 2025.

|                                     |     |   | June 30, 
     2025 |     |   | December 31, 
         2024 |
|:------------------------------------|:----|:--|---------:|:----|:--|-------------:|
| Total facility size                 |     | $ |  100,000 |     | $ |      100,000 |
| Less:                               |     |   |          |     |   |              |
| Outstanding balance                 |     |   |   15,000 |     |   |            - |
| Letters of credit issued            |     |   |        - |     |   |            - |
| Available commitment                |     | $ |   85,000 |     | $ |      100,000 |
| Unamortized debt issuance costs (1