Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
NGL Energy Partners LP incurred senior notes of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate princip with U.S. Bank Trust Company, National Association at 8.125% per annum for the 2029 Notes and 8.375% per annum for the 2032 Notes maturing February 15, 2029 for the 2029 Notes and February 15, 2032 for the 2032 Notes.
- Instrument
- senior notes
- Principal
- $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate princip
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- 8.125% per annum for the 2029 Notes and 8.375% per annum for the 2032 Notes
- Maturity
- February 15, 2029 for the 2029 Notes and February 15, 2032 for the 2032 Notes
- Event
- incurrence
Exact text from the filing
On February 2, 2024, NGL Energy Operating LLC (“Operating LLC”) and NGL Energy Finance Corp. (“Finance Corp.” and, together with Operating LLC, the “Issuers”), each a wholly-owned subsidiary of NGL Energy Partners LP (the “Partnership”), closed the previously announced Rule 144A/Regulation S offering (the “Notes Offering”) of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 (the “2029 Notes”) and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NGL Energy Partners LP entered into Indenture with U.S. Bank Trust Company, National Association, as trustee and notes collateral agent valued at $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion (effective 2024-02-02).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association, as trustee and notes collateral agent
- Value
- $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion
- Effective
- 2024-02-02
Exact text from the filing
the “Indenture”), among the Issuers, the guarantors party thereto (the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee and notes collateral agent.
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