Company: WBI
Filing Date: 2025-06-02
Form Type: DRS/A
Source: 0000950123-25-005943
Chunk: 365

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-06-02
Form: DRS/A
Chunk 365
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 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 "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,