secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Operating, LP (—)
CIK:        0001414475
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001414475-23-000005
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream Operating enters $2B revolving credit facility, maturing 2028
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- $2B unsecured revolver, can increase to $2.5B; matures April 6, 2028 with two one-year extension options.
- Subfacilities: $75M letters of credit, $200M swingline loans.
- Interest: Adjusted Term SOFR + 1.00%-1.70% or base rate + 0%-0.70%; facility fee 0.125%-0.300%.
- Financial covenant: max consolidated leverage ratio 5.00x (5.50x for 270 days post-acquisition).
- Replaces Third Amended and Restated Revolving Credit Agreement dated February 15, 2018.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414475/000141447523000005/0001414475-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414475/000141447523000005/wes-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001414475-23-000005

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