WES Operating amends revolver; extends $1.6B to Feb 2026, adopts SOFR

Western Midstream Partners, LP

Third amendment extends maturity for $1.6 billion of commitments to February 14, 2026.
Borrowing base switched from LIBOR to Term SOFR plus a 0.10% adjustment.
Pricing grid adds tier: drawn pricing rises 0.25% (or 0.5%) if credit ratings drop below BB/Ba2/BB.
Outstanding borrowings of $315 million plus $5.1 million letters of credit as of June 14, 2022.
Borrower may extend maturity by one year on up to two additional occasions.

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