Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Debt

As of March 31, 2024 and December 31, 2023, long-term debt consisted of the following (in millions):

	March 31, 2024						December 31, 2023
	Outstanding Principal		Premium (Discount)		Long-Term Debt		Outstanding Principal		Premium (Discount)		Long-Term Debt
Revolving Credit Facility due 2027 (1)	$	150.0	$	—	$	150.0	$	—	$	—	$	—
AR Facility due 2025 (2)	147.0		—		147.0		300.0		—		300.0
ENLK’s 4.40% Senior unsecured notes due 2024	97.9		—		97.9		97.9		—		97.9
ENLK’s 4.15% Senior unsecured notes due 2025	421.6		—		421.6		421.6		—		421.6
ENLK’s 4.85% Senior unsecured notes due 2026	491.0		(0.2)		490.8		491.0		(0.2)		490.8
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	1,000.0		(2.6)		997.4		1,000.0		(2.7)		997.3
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		(4.9)		445.1		450.0		(5.0)		445.0
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	$	4,606.2	$	(8.0)	4,598.2		$	4,609.2	$	(8.2)	4,601.0
Debt issuance cost (3)					(30.8)						(32.1)
Less: Current maturities of long-term debt (4)					(97.9)						(97.9)
Long-term debt, net of unamortized issuance cost					$	4,469.5					$	4,471.0

____________________________

(1)The effective interest rate was 6.9% at March 31, 2024.

(2)The effective interest rate was 6.3% and 6.4% at March 31, 2024 and December 31, 2023, respectively.

(3)Net of accumulated amortization of $21.4 million and $20.0 million at March 31, 2024 and December 31, 2023, respectively.

(4)The outstanding balance, net of debt issuance costs, of ENLK’s 4.40% senior unsecured notes are classified as “Current maturities of long-term debt” on the consolidated balance sheets as of March 31, 2024 and December 31, 2023 as these notes matured on April 1, 2024.