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Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Summary of Debt
As of March 31, 2019 and December 31, 2018, long-term debt consisted of the following (in millions):
 
March 31, 2019
 
December 31, 2018
 
Outstanding Principal
 
Premium (Discount)
 
Long-Term Debt
 
Outstanding Principal
 
Premium (Discount)
 
Long-Term Debt
ENLC Credit Facility, due 2019 (1)
$
—

 
$
—

 
$
—

 
$
111.4

 
$
—

 
$
111.4

Consolidated Credit Facility due 2024 (2)
160.0

 
—

 
160.0

 
—

 
—

 
—

Term Loan due 2021 (3)
850.0

 
—

 
850.0

 
850.0

 
—

 
850.0

ENLK’s 2.70% Senior unsecured notes due 2019 (4)
400.0

 
—

 
400.0

 
400.0

 
—

 
400.0

ENLK’s 4.40% Senior unsecured notes due 2024
550.0

 
1.7

 
551.7

 
550.0

 
1.8

 
551.8

ENLK’s 4.15% Senior unsecured notes due 2025
750.0

 
(0.8
)
 
749.2

 
750.0

 
(0.9
)
 
749.1

ENLK’s 4.85% Senior unsecured notes due 2026
500.0

 
(0.5
)
 
499.5

 
500.0

 
(0.5
)
 
499.5

ENLK’s 5.60% Senior unsecured notes due 2044
350.0

 
(0.2
)
 
349.8

 
350.0

 
(0.2
)
 
349.8

ENLK’s 5.05% Senior unsecured notes due 2045
450.0

 
(6.1
)
 
443.9

 
450.0

 
(6.2
)
 
443.8

ENLK’s 5.45% Senior unsecured notes due 2047
500.0

 
(0.1
)
 
499.9

 
500.0

 
(0.1
)
 
499.9

Debt classified as long-term, including current maturities of long-term debt
$
4,510.0

 
$
(6.0
)
 
4,504.0

 
$
4,461.4

 
$
(6.1
)
 
4,455.3

Debt issuance cost (5)
 
 
 
 
(28.4
)
 
 
 
 
 
(24.5
)
Less: Current maturities of long-term debt (4)
 
 
 
 
—

 
 
 
 
 
(399.8
)
Long-term debt, net of unamortized issuance cost
 
 
 
 
$
4,475.6

 
 
 
 
 
$
4,031.0

____________________________
(1)
Bore interest based on Prime and/or LIBOR plus an applicable margin. The effective interest rate was 4.4% at December 31, 2018. In connection with the closing of the Merger, the ENLC Credit Facility was canceled, and all outstanding borrowings were refinanced through borrowings on the Consolidated Credit Facility. Since the borrowings under the ENLC Credit Facility were refinanced with long-term debt, they are classified as “Long-term debt” on the consolidated balance sheet as of December 31, 2018.
(2)
Bears interest based on Prime and/or LIBOR plus an applicable margin. The effective interest rate was 4.6% at March 31, 2019.
(3)
Bears interest based on Prime and/or LIBOR plus an applicable margin. The effective interest rate was 4.0% and 3.9% at March 31, 2019 and December 31, 2018, respectively.
(4)
ENLK’s 2.70% senior unsecured notes matured on April 1, 2019 and were refinanced through borrowings on the Consolidated Credit Facility. Therefore, the outstanding principal balance, net of discount and debt issuance costs, is classified as “Long-term debt” on the consolidated balance sheet as of March 31, 2019 and “Current maturities of long-term debt” as of December 31, 2018.
(5)
Net of amortization of $10.9 million and $16.5 million at March 31, 2019 and December 31, 2018, respectively.