Boardwalk Pipeline Partners Enters Material Agreement

TL;DR

BWP signed a big deal, new debt/obligation incoming.

AI Summary

On November 10, 2025, Boardwalk Pipeline Partners, LP entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new financial commitment or obligation for Boardwalk Pipeline Partners, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• Boardwalk Pipeline Partners, LP (company) — Registrant
• November 10, 2025 (date) — Date of earliest event reported
• 9 Greenway Plaza, Suite 2800 Houston, Texas 77046 (address) — Principal executive office

FAQ

Key Financial Figures

• $1.0 billion — utions, in an aggregate amount of up to $1.0 billion. Each Borrower is subject to a separate
• $100.0 million — acquisition having a purchase price of $100.0 million or more that otherwise meets the condit
• $50.0 m — of any other indebtedness in excess of $50.0 million, or any default in the performanc
• $25.0 million — or more adverse judgments in excess of $25.0 million with respect to which enforcement proce

Filing Documents

• bwp-20251110.htm (8-K) — 43KB
• bwp2025q4exhibit101rca.htm (EX-10.1) — 1313KB
• 0001336047-25-000030.txt ( ) — 1689KB
• bwp-20251110.xsd (EX-101.SCH) — 2KB
• bwp-20251110_def.xml (EX-101.DEF) — 13KB
• bwp-20251110_lab.xml (EX-101.LAB) — 22KB
• bwp-20251110_pre.xml (EX-101.PRE) — 13KB
• bwp-20251110_htm.xml (XML) — 2KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Revolving Credit Facility On November 10, 2025, Boardwalk Pipeline Partners, LP (the "Company") and certain of its wholly-owned subsidiaries entered into a Fourth Amended and Restated Revolving Credit Agreement (the "Amended Credit Agreement") among the Company, as guarantor, Boardwalk Pipelines, LP, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LLC, as borrowers (the "Borrowers"), and the several lenders and issuers party thereto (the "Lenders"), Wells Fargo Bank, N.A., as administrative agent, Barclays Bank PLC, Citibank, N.A., JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Regions Bank, Truist Bank, U.S. Bank National Association, Bank of America, N.A., and Sumitomo Mitsui Banking Corporation, as co-syndication agents and the other agents identified therein. Under the Amended Credit Agreement, the Lenders will provide the Borrowers certain revolving loans, swingline loans and letters of credit to be used for general partnership purposes, including acquisitions, capital expenditures and payment of distributions, in an aggregate amount of up to $1.0 billion. Each Borrower is subject to a separate sublimit for borrowings under this facility. The Company has guaranteed the obligations of the Borrowers under the Amended Credit Agreement. Maturity. The Amended Credit Agreement has a maturity date of November 10, 2030. Prepayments. The Borrowers are allowed to prepay all loans under the credit facility at any time without premium or penalty (other than customary breakage costs). Interest. Interest is determined, at the Company's election, by reference to (a) the base rate, plus an applicable margin from 0.00% to 0.75% based on the individual Borrower's credit rating, which is the highest of (1) the prime rate, (2) the federal funds rate plus 0.50% and (3) the one month term Secured Overnight Financing Rate plus 1.00%, or (b) the term Secured Overnight Financing Rate, plus an applicable margin fr

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Fourth Amended and Restated Revolving Credit Agreement, dated as of November 10, 2025, among Boardwalk Pipelines, LP, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LLC, as borrowers, Boardwalk Pipeline Partners, LP, as guarantor, the several lenders and issuers party thereto, Wells Fargo Bank, N.A., as administrative agent, Barclays Bank PLC, Citibank, N.A. , JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Regions Bank, Truist Bank, U.S. Bank National Association, Bank of America, N.A., and Sumitomo Mitsui Banking Corporation, as co-syndication agents, and Wells Fargo Securities, LLC, Barclays Bank PLC, Citibank, N.A., J.P. Morgan Chase Bank, N.A., MUFG Bank, Ltd., Regions Capital Markets, a division of Regions Bank , Truist Securities, Inc., U.S. Bank National Association, BOFA Securities, Inc., and Sumitomo Mitsui Banking Corporation, as joint lead arrangers and joint bookrunners. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BOARDWALK PIPELINE PARTNERS, LP By: BOARDWALK GP, LP, its general partner By: BOARDWALK GP, LLC, its general partner By : /s/ Steven A. Barkauskas Steven A. Barkauskas Senior Vice President, Chief Financial Officer (Duly authorized officer and principal financial officer) Dated: November 12, 2025

View Full Filing

View this 8-K filing on SEC EDGAR