Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Western Midstream Partners, LP incurred revolving credit of up to $2 billion with Wells Fargo Bank, National Association at Adjusted Term SOFR plus an applicable margin ranging from 1.00% to 1.70% maturing April 6, 2028.
- Instrument
- revolving credit
- Principal
- up to $2 billion
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Adjusted Term SOFR plus an applicable margin ranging from 1.00% to 1.70%
- Maturity
- April 6, 2028
- Event
- incurrence
Exact text from the filing
The Fourth A&R Credit Agreement replaces WES Operating's Third Amended and Restated Revolving Credit Agreement dated as of February 15, 2018, and provides for a five-year unsecured revolving credit facility (the "Revolving Facility") in an aggregate principal amount of up to $2 billion
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Western Midstream Partners, LP entered into Fourth Amended and Restated Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and certain financial institutions as lenders valued at $2 billion (effective 2023-04-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and certain financial institutions as lenders
- Value
- $2 billion
- Effective
- 2023-04-06
Exact text from the filing
On April 6, 2023, Western Midstream Operating, LP (“WES Operating”), a subsidiary of Western Midstream Partners, LP (“WES”), entered into that certain Fourth Amended and Restated Revolving Credit Agreement (the “Fourth A&R Credit Agreement”), by and among itself, Wells Fargo Bank, National Association, as administrative agent, and certain financial institutions as lenders.
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