Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 399

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 399
---
 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 March 31, 2025. Pursuant to the terms of the Revolving Credit Facility, the Borrower’s Net Total Leverage Ratio was not tested as of March 31, 2025.

|                                     |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:------------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Total facility size                 |     | $ |   100,000 |     | $ |      100,000 |
| Less:                               |     |   |           |     |   |              |
| Outstanding balance                 |     |   |         - |     |   |            - |
| Letters of credit issued            |     |   |         - |     |   |            - |
| Available commitment                |     | $ |   100,000 |     | $ |      100,000 |
| Unamortized debt issuance costs (1) |     | $ |     1,487 |     | $ |        1,605 |

(1) Unamortized debt issuance costs are deferred and presented within prepaid expenses and other current assets, and other assets on the consolidated balance sheets

<div align='center'>F-93

WaterBridge Equity Finance LLC and Subsidiaries

Notes to the Unaudited Condensed Consolidated Financial Statements</div>

The applicable margin on the interest rate, the commitment fees and the letter of credit fees are determined based on the Company’s leverage ratio. The applicable margin ranges are:

| Term SOFR applicable margin |     | 2.50% - 3.75%   |
| Base Rate applicable margin |     | 1.50% - 2.75%   |
| Commitment fees             |     | 0.375% - 0.500% |
| Letter of credit fees       |     | 2.50% - 3.75%   |

Principal amounts borrowed under the Revolving Credit Facility may be prepaid from time to time without penalty and any principal amounts outstanding on the maturity date, June 27,