On August 31, 2022, EnLink Midstream, LLC completed the sale of $700.0 million aggregate principal amount of 6.500% senior notes due 2030 pursuant to the terms of the purchase agreement, dated August 16, 2022 among ENLC, EnLink Midstream Partners, LP, a subsidiary of ENLC as guarantor, and Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein The Notes were issued under an Indenture, dated August 31, 2022 among ENLC, as issuer, ENLK, as guarantor, and Computershare Trust Company, N.A., as trustee The Indenture and form of Note, provide, among other things, that the Notes will be senior unsecured obligations of ENLC and ENLK. Interest is payable on the Notes on March 1 and September 1 of each year beginning on March 1, 2023 until their maturity on September 1, 2030. Prior to March 1, 2030, ENLC may redeem the Notes, at its option, at any time in whole, or from time to time in part, at a redemption price equal to the greater of: (i) 100% of the principal amount of the Notes redeemed; or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed that would be due if the Notes matured on March 1, 2030 (exclusive of interest accrued to, but excluding, the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the Indenture) plus 50 basis points; plus, in either case, accrued and unpaid interest to, but excluding, the redemption date.

Also, on or after March 1, 2030, ENLC may redeem the Notes, at its option, at any time in whole, or from time to time in part, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If a Change of Control Triggering Event (as defined in the Indenture) occurs, ENLC must offer to repurchase the Notes at a price equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the date of repurchase. The terms of the Indenture, among other things, include a limitation on liens and a restriction on sale-leaseback transactions.

The Indenture provides for customary events of default, which include (subject in certain cases to customary grace and cure periods), among others: nonpayment of principal or interest; breach of agreements in the Indenture; the failure of ENLK's guarantee to be enforceable; and certain events of bankruptcy or insolvency. Generally, if an event of default occurs and is not cured within the time periods specified by the Indenture, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may declare the principal amount of all the Notes, together with premium, if any, and accrued and unpaid interest thereon, to be due and payable immediately in the manner and with the effect provided in the Indenture. The Notes were sold to the Initial Purchasers for resale to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended.