NGL Energy Partners Prices $2.2 Billion Secured Notes

Ngl Energy Partners Lp (NGL) has released an update.

NGL Energy Partners LP announced the pricing of senior secured notes totaling $2.2 billion, with $900 million due in 2029 at 8.125% and $1.3 billion due in 2032 at 8.375%. The securities, which have not been registered under the Securities Act of 1933 or any state securities laws, will be offered only to qualified institutional buyers and non-U.S. persons outside the United States, in compliance with applicable regulations.

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