EnLink Midstream (ENLC) was acquired by ONEOK in a deal that closed on January 31, 2025. The acquisition resulted in EnLink's common units being converted into ONEOK common stock at an exchange ratio of 0.1412 shares per unit. All outstanding obligations under EnLink's credit facility were repaid and terminated. Three directors, Deborah G. Adams, Tiffany Thom Cepak, and Leldon E. Echols, resigned from EnLink's managing member, EnLink Midstream Manager, LLC. Additionally, supplemental indentures were executed, transferring EnLink's obligations under its outstanding senior notes to ONEOK. EnLink's common units were delisted from the New York Stock Exchange, effective ten days after the filing of Form 25.
