Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 183

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 183
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 in connection with the NDB Assumption and the Collateral Amendments, we will amend the WBM Revolving Credit Facility to, among other things, permit the NDB Assumption and the Collateral Amendments.

We anticipate all outstanding borrowings under the NDB Revolving Credit Facility will be repaid with a portion of the net proceeds from the offering, as described in “Use of Proceeds” elsewhere in this prospectus.

Desert Environmental Credit Facility

On October 3, 2023, Desert Environmental entered into a credit agreement (as amended or otherwise modified prior to the date of this prospectus, the “Desert Credit Facility”) providing for a (i) $10.0 million delayed draw term loan (the “Desert Initial Term Loan”) and (ii) $2.0 million revolving credit facility (the “Desert Revolving Commitments”). On March 1, 2024, Desert Environmental entered into the First Amendment to Credit Agreement to provide for an adjusted loan repayment schedule. On February 4, 2025, Desert Environmental entered into the Second Amendment to Credit Agreement to (i) add a new a $5.0 million term loan commitment under the Desert Credit Facility (the “Desert Second Amendment Term Loan”), (ii) increase the Desert Revolving Commitments under the Desert Credit Facility to $4.0 million, and (iii) extend the maturity dates of each of the term loans and revolving commitments issued thereunder. The Desert Initial Term Loan matures on March 31, 2030, the Desert Revolving Commitments mature on October 3, 2027, and the Desert Second Amendment Term Loan matures on October 3, 2030. The Desert Credit Facility is secured by a first-priority lien on substantially all assets of Desert Environmental and its subsidiaries, a pledge by Desert Holdings of the equity interests of Desert Environmental, and is also guaranteed by each of Desert Environmental’s subsidiaries.

We may elect for outstanding borrowings under the Desert Credit Facility to accrue interest at a rate based on either (i) Term SOFR or (ii) Alternate Base Rate, in each case plus a leverage-based applicable margin between 2.50% and 3.00% per annum for Alternate Base Rate Loans and between 3.50% and 4.00% per annum for Term SOFR Loans. Interest on Term SOFR Loans is payable at the end of the applicable interest period. Alternate Base Rate Loans bear interest at a rate per annum equal to the highest of (