Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Summary of Debt

As of June 30, 2021 and December 31, 2020, long-term debt consisted of the following (in millions):

	June 30, 2021						December 31, 2020
	Outstanding Principal		Premium (Discount)		Long-Term Debt		Outstanding Principal		Premium (Discount)		Long-Term Debt
Term Loan due 2021 (1)	$	250.0	$	—	$	250.0	$	350.0	$	—	$	350.0
AR Facility due 2023 (2)	210.0		—		210.0		250.0		—		250.0
Consolidated Credit Facility due 2024	—		—		—		—		—		—
ENLK’s 4.40% Senior unsecured notes due 2024	521.8		0.9		522.7		521.8		1.1		522.9
ENLK’s 4.15% Senior unsecured notes due 2025	720.8		(0.5)		720.3		720.8		(0.6)		720.2
ENLK’s 4.85% Senior unsecured notes due 2026	491.0		(0.3)		490.7		491.0		(0.4)		490.6
ENLC's 5.625% Senior unsecured notes due 2028	500.0		—		500.0		500.0		—		500.0
ENLC’s 5.375% Senior unsecured notes due 2029	498.7		—		498.7		498.7		—		498.7
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		(5.6)		444.4		450.0		(5.7)		444.3
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	$	4,492.3	$	(5.8)	4,486.5		$	4,632.3	$	(5.9)	4,626.4
Debt issuance cost (3)					(30.2)						(32.6)
Less: Current maturities of long-term debt (1)					(249.9)						(349.8)
Long-term debt, net of unamortized issuance cost					$	4,206.4					$	4,244.0

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(1)Bears interest based on Prime and/or LIBOR plus an applicable margin. The effective interest rate was 1.6% and 1.7% at June 30, 2021 and December 31, 2020, respectively. The Term Loan will mature on December 10, 2021. Therefore, the outstanding principal balance, net of discount and debt issuance costs, is classified as “Current maturities of long-term debt” on the consolidated balance sheet as of June 30, 2021 and December 31, 2020, respectively.

(2)Bears interest based on LMIR and/or LIBOR plus an applicable margin. The effective interest rate was 1.3% and 2.0% at June 30, 2021 and December 31, 2020, respectively.

(3)Net of amortization of $16.4 million and $14.1 million at June 30, 2021 and December 31, 2020, respectively.