Company: WBI
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001193125-25-202719
Chunk: 399

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-15
Form: S-1/A
Chunk 399
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 On March 13, 2025, the Company sold its crude gathering and transportation assets to a third party for $19.6 million, resulting in a loss from sale of assets of $11.7 million. 5. Debt As of June 30, 2025 and December 31, 2024, our debt consisted of the following:

|                                     |     |   | June 30, 
     2025 |   |     |   | December 31, 
         2024 |   |
|:------------------------------------|:----|:--|---------:|:--|:----|:--|-------------:|:--|
| Term loan                           |     | $ |  570,688 |   |     | $ |      573,562 |   |
| Revolver                            |     |   |   70,000 |   |     |   |       35,000 |   |
| Other                               |     |   |       47 |   |     |   |          812 |   |
| Total debt                          |     |   |  640,735 |   |     |   |      609,374 |   |
| Current portion of long-term debt   |     |   |   (5,794 | ) |     |   |       (6,536 | ) |
| Unamortized debt issuance costs (1) |     |   |  (14,561 | ) |     |   |      (16,421 | ) |
| Total long-term debt                |     | $ |  620,380 |   |     | $ |      586,417 |   |

(1) Unamortized debt issuance costs presented as a reduction to total debt are attributable to the Term Loan Term Loan On May 10, 2024, the Company entered into a $575.0 million term loan facility (the “Term Loan”) with a maturity date of May 10, 2029, which was subsequently amended to, among other things, reduce the applicable margin on both Term SOFR Loans (defined below) and Base Rate Loans (defined below) by 0.50%. The Term Loan is secured by a first-priority lien on substantially all assets of the Company and its subsidiaries. The Term Loan is also guaranteed by each of the Company’s subsidiaries. We may elect for outstanding borrowings under our Term Loan to accrue interest at a rate based on either (i)