As of March 31, 2024 and December 31, 2023, long-term debt consisted of the following (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2024 | | December 31, 2023 | | Outstanding Principal | | Premium (Discount) | | Long-Term Debt | | Outstanding Principal | | Premium (Discount) | | Long-Term Debt | | | | | | | | | | | | | | Revolving Credit Facility due 2027 (1) | $ | 150.0 | | | $ | — | | | $ | 150.0 | | | $ | — | | | $ | — | | | $ | — | | | AR Facility due 2025 (2) | 147.0 | | | — | | | 147.0 | | | 300.0 | | | — | | | 300.0 | | ENLK’s 4.40% Senior unsecured notes due 2024 | 97.9 | | | — | | | 97.9 | | | 97.9 | | | — | | | 97.9 | | ENLK’s 4.15% Senior unsecured notes due 2025 | 421.6 | | | — | | | 421.6 | | | 421.6 | | | — | | | 421.6 | | ENLK’s 4.85% Senior unsecured notes due 2026 | 491.0 | | | (0.2) | | | 490.8 | | | 491.0 | | | (0.2) | | | 490.8 | | ENLC’s 5.625% Senior unsecured notes due 2028 | 500.0 | | | — | | | 500.0 | | | 500.0 | | | — | | | 500.0 | | ENLC’s 5.375% Senior unsecured notes due 2029 | 498.7 | | | — | | | 498.7 | | | 498.7 | | | — | | | 498.7 | | ENLC’s 6.50% Senior unsecured notes due 2030 | 1,000.0 | | | (2.6) | | | 997.4 | | | 1,000.0 | | | (2.7) | | | 997.3 | | ENLK’s 5.60% Senior unsecured notes due 2044 | 350.0 | | | (0.2) | | | 349.8 | | | 350.0 | | | (0.2) | | | 349.8 | | ENLK’s 5.05% Senior unsecured notes due 2045 | 450.0 | | | (4.9) | | | 445.1 | | | 450.0 | | | (5.0) | | | 445.0 | | ENLK’s 5.45% Senior unsecured notes due 2047 | 500.0 | | | (0.1) | | | 499.9 | | | 500.0 | | | (0.1) | | | 499.9 | | | Debt classified as long-term, including current maturities of long-term debt | $ | 4,606.2 | | | $ | (8.0) | | | 4,598.2 | | | $ | 4,609.2 | | | $ | (8.2) | | | 4,601.0 | | | Debt issuance cost (3) | | | | | (30.8) | | | | | | | (32.1) | | | Less: Current maturities of long-term debt (4) | | | | | (97.9) | | | | | | | (97.9) | | | Long-term debt, net of unamortized issuance cost | | | | | $ | 4,469.5 | | | | | | | $ | 4,471.0 | |
____________________________ (1)The effective interest rate was 6.9% at March 31, 2024. (2)The effective interest rate was 6.3% and 6.4% at March 31, 2024 and December 31, 2023, respectively. (3)Net of accumulated amortization of $21.4 million and $20.0 million at March 31, 2024 and December 31, 2023, respectively. (4)The outstanding balance, net of debt issuance costs, of ENLK’s 4.40% senior unsecured notes are classified as “Current maturities of long-term debt” on the consolidated balance sheets as of March 31, 2024 and December 31, 2023 as these notes matured on April 1, 2024.
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