{"schema_version":"secwatch.filing_event.v1","accession":"0001423902-23-000034","form_type":"8-K","ticker":"WES","cik":"0001423902","company_name":"Western Midstream Partners, LP","filed_at":"2023-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.805761+00:00","generated_at":"2026-06-17T04:03:23.781678+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Western Midstream Operating enters $2B revolving credit facility maturing April 2028","bullets":["Fourth Amended and Restated Revolving Credit Agreement for up to $2 billion, with an accordion to increase to $2.5 billion.","Facility matures April 6, 2028, extendable by one year twice; replaces 2018 credit agreement.","SOFR loans priced at Adjusted Term SOFR plus an applicable margin ranging from 1.00% to 1.70%.","Leverage covenant set at 5.00x consolidated debt/EBITDA (5.50x for 270 days following certain acquisitions).","Facility fee ranges from 0.125% to 0.300% per annum on total commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001423902-23-000034","json":"https://secwatch.observer/filing/0001423902-23-000034.json","markdown":"https://secwatch.observer/filing/0001423902-23-000034.md","text":"https://secwatch.observer/filing/0001423902-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/0001423902-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/wes-20230406.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:03:23.781678+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"640826184d5df10887392b90c7dd2ae47d29ca1e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/0001423902-23-000034-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $2 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Adjusted Term SOFR plus an applicable margin ranging from 1.00% to 1.70%"},{"label":"Maturity","value":"April 6, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2f23594671a31da2964338cb94101f5ada8a9bdf","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/0001423902-23-000034-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent, and certain financial institutions as lenders"},{"label":"Value","value":"$2 billion"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}