Subsequent Event

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Event

(16) Subsequent Event

Senior Unsecured Notes due 2029. On April 9, 2019, ENLC issued $500.0 millionin aggregate principal amount of ENLC’s 5.375%senior unsecured notes due June 1, 2029 (the “2029 Notes”) at a price to the public of100%of their face value. Interest payments on the 2029 Notes are payable on June 1 and December 1 of each year, beginning December 1, 2019. The 2029 Notes are fully and unconditionally guaranteed by ENLK. Net proceeds of approximately$496.5 millionwere used to repay outstanding borrowings under the Consolidated Credit Facility, including borrowings incurred on April 1, 2019 to repay at maturity all of the$400.0 millionoutstanding aggregate principal amount of ENLK’s2.70%senior unsecured notes due 2019, and for general limited liability company purposes.

Secured Term Loan Receivable. In April 2019, we became aware that the counterparty to our$58.0 millionsecond lien secured term loan receivable, which was recorded at its discounted present value of$52.5 millionon the consolidated balance sheet as of March 31, 2019, as described in “Note 13—Fair Value Measurements,” will not be able to make its contractual installment payment in May 2019 of$9.75 millionfor principal due on the outstanding balance. The counterparty has notified us that it is evaluating financial and strategic alternatives in order to satisfy its obligations, including obligations to its first lien secured lenders and our second lien secured term loan. There can be no assurance that any of these alternatives will occur or that we will collect all of the outstanding amounts under the second lien secured term loan.