Company: WBI
Filing Date: 2025-08-22
Form Type: S-1
Source: 0000950170-25-111048
Chunk: 486

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-08-22
Form: S-1
Chunk 486
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7,758 |   |

Desert Credit Facilities The Company has a credit facility (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, the Company entered into the First Amendment to Credit Agreement to provide for an adjusted loan repayment schedule. On February 4, 2025, the Company 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.

<div align='center'>F-129

Desert Environmental LLC and Subsidiaries

Notes to theUnauditedCondensed Consolidated Financial Statements</div>

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 the Company, a pledge by the Parent of the equity interests of the Company, and is also guaranteed by each of the Company’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 (i) the Federal Funds Rate, as in effect from time to time, plus 0.50%, (ii) the prime rate, as publicly announced by the lender from time to time and (iii) Term SOFR for a one- month tenor plus 1.00%. Interest on Alternate Base Rate Loans is payable quarterly in arrears.

Any principal amounts