EnLink Midstream Adjusts Credit Terms and Ends GIP Agreement
Company Announcements

EnLink Midstream Adjusts Credit Terms and Ends GIP Agreement

EnLink Midstream ( (ENLC) ) just unveiled an update.

EnLink Midstream, LLC has modified its Credit Agreement to exclude up to $500 million from its leverage ratio and to accept ONEOK, Inc. as a Qualifying Owner, preventing a change of control after ONEOK’s acquisition of equity interests from GIP Entities. Additionally, ENLC will terminate its Unit Repurchase Agreement with GIP Entities, effective October 2, 2024, aligning with its common unit repurchase activities from the third quarter.

Find detailed analytics on ENLC stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyEnLink Midstream downgraded to Market Perform from Outperform at Raymond James
TheFlyEnLink Midstream downgraded to Market Perform from Outperform at Raymond James
TipRanks Auto-Generated NewsdeskEnLink Midstream’s Q3 2024 Financial Performance Unveiled
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App