secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001423902-23-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Midstream Operating enters $2B revolving credit facility maturing April 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/0001423902-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390223000034/wes-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001423902-23-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer