Western Midstream Operating, LP: debt financing — WES Operating extends $1.88B revolving credit facility maturity to 2029

Western Midstream Operating, LP

Amendment extends maturity of $1.88 billion in lender commitments to April 6, 2029.
Total facility size remains $2.0 billion; no borrowings outstanding as of May 16, 2024.
$5.1 million in outstanding letters of credit under the RCF.
Two lenders (Bank of Nova Scotia, Stifel Bank & Trust) retain April 6, 2028 maturity on $120M combined.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Western Midstream Operating, LP incurred revolving credit of $1,880 million maturing April 6, 2029.

Instrument: revolving credit
Principal: $1,880 million
Maturity: April 6, 2029
Event: incurrence

Exact text from the filing

extension of the maturity date applicable to the loans and commitments of certain lenders totaling $1,880 million to April 6, 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Western Midstream Operating, LP amended Amendment with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto valued at $1,880 million (effective 2024-05-16).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
Value: $1,880 million
Effective: 2024-05-16

Exact text from the filing

On May 16, 2024, Western Midstream Operating, LP (“WES Operating”), a subsidiary of Western Midstream Partners, LP (“WES”), entered into an amendment (the “Amendment”) to its senior unsecured revolving credit agreement (the “RCF”), dated April 6, 2023, among itself, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto in connection with the extension of the maturity date applicable to the loans and commitments of certain lenders totaling $1,880 million to April 6, 2029, pursuant to Section 2.24 of the RCF.

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Source: SEC EDGAR

accession 0001414475-24-000003

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