Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 461

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 461
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 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) |     | $ |    1,370 |     | $ |        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 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, 2028, become due and