{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-270382","form_type":"8-K","ticker":null,"cik":"0001136352","company_name":"Crestwood Equity Partners LP","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.324411+00:00","generated_at":"2026-06-08T21:59:39.600580+00:00","sec_items":["1.02","2.01","3.01","3.03","5.01","5.02","5.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Crestwood Equity Partners completes merger with Energy Transfer LP","bullets":["Each common unit converted into 2.07 Energy Transfer common units; preferred unit holders elected cash, conversion, or preferred units.","Crestwood's $1.75B credit facility repaid and terminated; $613M in principal outstanding at closing.","Common and preferred units delisted from NYSE effective November 3, 2023.","All directors and named executive officers resigned; Marshall McCrea and Thomas Long appointed as directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-270382","json":"https://secwatch.observer/filing/0001193125-23-270382.json","markdown":"https://secwatch.observer/filing/0001193125-23-270382.md","text":"https://secwatch.observer/filing/0001193125-23-270382.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/d574717d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:59:39.600580+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4b2deccd5a","claim":"Thomas E. Long was appointed as director at Crestwood Equity Partners LP.","evidence_excerpt":"Effective as of the Effective Time, Marshall S. McCrea, III and Thomas E. Long were appointed as directors of the General Partner.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"856fe9b643","claim":"Marshall S. McCrea, III was appointed as director at Crestwood Equity Partners LP.","evidence_excerpt":"Effective as of the Effective Time, Marshall S. McCrea, III and Thomas E. Long were appointed as directors of the General Partner.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"864145f9497b9061e4db139623e9f0637c869892","claim":"Crestwood Equity Partners LP: Amendment to the Sixth Amended and Restated Agreement of Limited Partnership to increase cash redemption price for Partnership Preferred Units and conform terms with Energy Transfer’s other preferred units (effective 2023-11-03).","evidence_excerpt":"On November 3, 2023, the General Partner entered into the First Amendment (the “ Amendment ”) to the Sixth Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of August 20, 2021, (as amended, the “ Partnership Agreement ”), effective as of November 3, 2023 (and immediately prior to the closing of the Merger), to (i) increase the cash redemption price for the Partnership Preferred Units in connection with a Redemption Election in the Merger from $9.218573 to $9.857484 per Partnership Preferred Unit and (ii) conform certain terms of the Partnership Preferred Units with Energy Transfer’s other outstanding series of preferred units in order to simplify Energy Transfer’s capital structure following the Merger.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"governance_change"},{"claim_id":"4de0551ec0fd9e3ef57cb185cd92f7ca2d959989","claim":"Crestwood Equity Partners LP underwent a change of control involving Energy Transfer LP for pursuant to the Agreement and Plan of Merger (closed 2023-11-03).","evidence_excerpt":"On November 3, 2023, pursuant to the Agreement and Plan of Merger (the \" Merger Agreement \"), dated as of August 16, 2023, by and among Energy Transfer LP, a Delaware limited partnership (\" Energy Transfer \"), Pachyderm Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Energy Transfer (\" Merger Sub \"), Crestwood Equity Partners LP, a Delaware limited partnership (the \" Partnership \"), and, solely for the purposes set forth therein, LE GP, LLC, a Delaware limited liability company and the sole general partner of Energy Transfer, the Partnership merged with and into Merger Sub (the \" Merger \"), with Merger Sub continuing as the surviving entity.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Energy Transfer LP"},{"label":"Consideration","value":"pursuant to the Agreement and Plan of Merger"},{"label":"Closing","value":"2023-11-03"}],"fact_type":"ma_transaction"},{"claim_id":"9c72492731165556b6a9b7e084ac238a3367ea8e","claim":"Crestwood Equity Partners LP terminated Partnership Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and the lenders party thereto valued at $1.75 billion revolving credit facility (effective 2023-11-03).","evidence_excerpt":"on November 3, 2023, outstanding borrowings under the Third Amended and Restated Credit Agreement, dated as of December 20, 2021, among Crestwood Midstream Partners LP, as borrower, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent and collateral agent, and Capital One, National Association, Citizens Bank, N.A., Morgan Stanley Senior Funding, Inc., MUFG Bank Ltd. and Regions Bank, as co-documentation agents (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Partnership Credit Agreement ”) were repaid in full, and the Partnership Credit Agreement was terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1136352/000119312523270382/0001193125-23-270382-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent and the lenders party thereto"},{"label":"Value","value":"$1.75 billion revolving credit facility"},{"label":"Effective","value":"2023-11-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}