Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Debt

As of June 30, 2024 and December 31, 2023, long-term debt consisted of the following (in millions):

	June 30, 2024						December 31, 2023
	Outstanding Principal		Premium (Discount)		Long-Term Debt		Outstanding Principal		Premium (Discount)		Long-Term Debt
Revolving Credit Facility due 2027 (1)	$	229.0	$	—	$	229.0	$	—	$	—	$	—
AR Facility due 2025 (2)	254.4		—		254.4		300.0		—		300.0
ENLK’s 4.40% Senior unsecured notes due 2024	—		—		—		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		(0.1)		490.9		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		(2.5)		997.5		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	$	4,694.7	$	(7.8)	4,686.9		$	4,609.2	$	(8.2)	4,601.0
Debt issuance cost (3)					(29.5)						(32.1)
Less: Current maturities of long-term debt (4)(5)					(421.2)						(97.9)
Long-term debt, net of unamortized issuance cost					$	4,236.2					$	4,471.0

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(1)The effective interest rate was 6.9% at June 30, 2024.

(2)The effective interest rate was 6.3% and 6.4% at June 30, 2024 and December 31, 2023, respectively.

(3)Net of accumulated amortization of $22.6 million and $20.0 million at June 30, 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” in the consolidated balance sheet as of December 31, 2023 as these notes matured on April 1, 2024.

(5)The outstanding balance, net of debt issuance costs, of ENLK’s 4.15% senior unsecured notes are classified as “Current maturities of long-term debt” in the consolidated balance sheet as of June 30, 2024 as these notes mature on June 1, 2025.