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.

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