Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Debt

As of September 30, 2022 and December 31, 2021, long-term debt consisted of the following (in millions):

	September 30, 2022						December 31, 2021
	Outstanding Principal		Premium (Discount)		Long-Term Debt		Outstanding Principal		Premium (Discount)		Long-Term Debt
Revolving Credit Facility due 2027 (1)	$	70.0	$	—	$	70.0	$	15.0	$	—	$	15.0
AR Facility due 2025 (2)	500.0		—		500.0		350.0		—		350.0
ENLK’s 4.40% Senior unsecured notes due 2024	97.9		—		97.9		521.8		0.7		522.5
ENLK’s 4.15% Senior unsecured notes due 2025	421.6		(0.2)		421.4		720.8		(0.4)		720.4
ENLK’s 4.85% Senior unsecured notes due 2026	491.0		(0.3)		490.7		491.0		(0.3)		490.7
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
ENLC’s 6.50% Senior unsecured notes due 2030	700.0		—		700.0		—		—		—
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		(5.2)		444.8		450.0		(5.5)		444.5
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	$	4,579.2	$	(6.0)	4,573.2		$	4,397.3	$	(5.8)	4,391.5
Debt issuance cost (3)					(35.8)						(27.8)
Long-term debt, net of unamortized issuance cost					$	4,537.4					$	4,363.7

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(1)The effective interest rate was 6.9% and 3.9% at September 30, 2022 and December 31, 2021, respectively.

(2)The effective interest rate was 4.0% and 1.2% at September 30, 2022 and December 31, 2021, respectively.

(3)Net of accumulated amortization of $13.4 million and $18.4 million at September 30, 2022 and December 31, 2021, respectively.

Activity related to the repurchases of ENLK’s senior unsecured notes from the settled debt tender offer consisted of the following (in millions):

	Three and Nine Months Ended September 30, 2022
Debt repurchased	$	700.0
Aggregate payments	(715.8)
Net discount on repurchased debt	(1.0)
Accrued interest on repurchased debt	10.5
Loss on extinguishment of debt	$	(6.3)

Activity related to the repurchases of ENLK’s senior unsecured notes in open market transactions consisted of the following (in millions):

	Three Months Ended September 30, 2022		Nine Months Ended September 30, 2022
Debt repurchased	$	21.1	$	23.1
Aggregate payments	(20.7)		(22.7)
Accrued interest on repurchased debt	0.2		0.2
Gain on extinguishment of debt	$	0.6	$	0.6