secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001423902-22-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000019/0001423902-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390222000019/wes-20220614.htm
  HTML page:      https://secwatch.observer/filing/0001423902-22-000019

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