Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt

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

	December 31, 2022						December 31, 2021
	Outstanding Principal		Premium (Discount)		Long-Term Debt		Outstanding Principal		Premium (Discount)		Long-Term Debt
Revolving Credit Facility due 2027 (1)	$	255.0	$	—	$	255.0	$	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		(0.1)		421.5		720.8		(0.4)		720.4
ENLK’s 4.85% Senior unsecured notes due 2026	491.0		(0.2)		490.8		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	$	4,764.2	$	(5.8)	4,758.4		$	4,397.3	$	(5.8)	4,391.5
Debt issuance cost (3)					(34.9)						(27.8)
Long-term debt, net of unamortized issuance cost					$	4,723.5					$	4,363.7

____________________________

(1)The effective interest rate was 6.5% and 3.9% at December 31, 2022 and 2021, respectively.

(2)The effective interest rate was 5.3% and 1.2% at December 31, 2022 and 2021, respectively.

(3)Net of accumulated amortization of $15.1 million and $18.4 million at December 31, 2022 and 2021, respectively.See applicable redemption provision terms below:

Issuance	Maturity Date of Notes	Early Redemption Date	Basis Point Premium
2024 Notes	April 1, 2024	Prior to January 1, 2024	25 Basis Points
2025 Notes	June 1, 2025	Prior to March 1, 2025	30 Basis Points
2026 Notes	July 15, 2026	Prior to April 15, 2026	50 Basis Points
2028 Notes	January 15, 2028	Prior to July 15, 2027	50 Basis Points
2029 Notes	June 1, 2029	Prior to March 1, 2029	50 Basis Points
2030 Notes	September 1, 2030	Prior to March 1, 2030	50 Basis Points
2044 Notes	April 1, 2044	Prior to October 1, 2043	30 Basis Points
2045 Notes	April 1, 2045	Prior to October 1, 2044	30 Basis Points
2047 Notes	June 1, 2047	Prior to December 1, 2046	40 Basis Points

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

	Year Ended December 31, 2022
Debt repurchased	$	700.0
Aggregate payments	(705.3)
Net discount on repurchased debt	(1.0)
Loss on extinguishment of debt	$	(6.3)

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

	Year Ended December 31, 2022		Year Ended December 31, 2020
Debt repurchased	$	23.1	$	67.7
Aggregate payments	(22.5)		(36.0)
Net discount on repurchased debt	—		(0.3)
Accrued interest on repurchased debt	—		0.6
Gain on extinguishment of debt	$	0.6	$	32.0

Schedule of Maturities of Long-term Debt

Maturities for the long-term debt as of December 31, 2022 are as follows (in millions):

2023	$	—
2024	97.9
2025	921.6
2026	491.0
2027	255.0
Thereafter	2,998.7
Subtotal	4,764.2
Less: net discount	(5.8)
Less: debt issuance cost	(34.9)
Long-term debt, net of unamortized issuance cost	$	4,723.5