{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-010033","form_type":"8-K","ticker":"NGL","cik":"0001504461","company_name":"NGL Energy Partners LP","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.367069+00:00","generated_at":"2026-06-06T09:53:10.567420+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NGL closes $2.9B debt refinancing with $2.2B notes and $700M term loan","bullets":["Issued $900M 8.125% senior secured notes due 2029 and $1.3B 8.375% notes due 2032.","Entered $700M seven-year senior secured term loan facility maturing 2031.","Net proceeds to redeem existing 6.125% notes due 2025, 7.5% notes due 2026, and 7.500% secured notes due 2026.","ABL facility amended to extend maturity to February 2029; no change to aggregate commitments.","Refinancing extends debt maturities and reduces near-term refinancing risk."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-010033","json":"https://secwatch.observer/filing/0001104659-24-010033.json","markdown":"https://secwatch.observer/filing/0001104659-24-010033.md","text":"https://secwatch.observer/filing/0001104659-24-010033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1504461/000110465924010033/0001104659-24-010033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1504461/000110465924010033/tm243624d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:53:10.567420+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d59f892430d842bc1049afc0610e622b8bf8e7f0","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504461/000110465924010033/0001104659-24-010033-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate princip"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"8.125% per annum for the 2029 Notes and 8.375% per annum for the 2032 Notes"},{"label":"Maturity","value":"February 15, 2029 for the 2029 Notes and February 15, 2032 for the 2032 Notes"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"267eb166214fd4d0479607045196bd365d74f80f","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1504461/000110465924010033/0001104659-24-010033-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee and notes collateral agent"},{"label":"Value","value":"$900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion"},{"label":"Effective","value":"2024-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}