8-K filed March 12, 2026, 7:59 PM ET ticker NGL CIK 0001504461

debt confidence high sentiment positive materiality 0.85

NGL closes $950M term loan ($250M incremental), ABL cut to $425M, to redeem ~195K Class D units

NGL Energy Partners LP

Closed $950M senior secured term loan due 2033; incremental $250M above prior $687.8M term loan.
ABL facility commitments reduced from $475M to $425M; interest rate margins lowered.
Proceeds to repay existing term loan and redeem ~195K Class D Preferred Units (316K remain).
Term loan amortizes at 1% of original principal per year in quarterly installments, balance at maturity.
CEO cites progress toward simpler capital structure; quarterly amortization starts June 30, 2026.

item 1.01 item 2.03 item 7.01 item 9.01

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accession: 0001104659-26-027132
form_type: 8-K
ticker: NGL
cik: 0001504461
company_name: NGL Energy Partners LP
filed_at: 2026-03-12T23:59:59+00:00
discovered_at: 2026-05-14T18:02:35.251438+00:00
generated_at: 2026-05-15T13:15:49.756627+00:00
sec_items: ["1.01", "2.03", "7.01", "9.01"]
event_type: debt
sentiment: positive
materiality_score: 0.85
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Source-grounded claims

e2e3c596c3212d7bb68b3794160939d4c2d0967f

NGL Energy Partners LP incurred term loan of $950.0 million term loan with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto at SOFR-based rate ... plus an applicable margin [3.25% to 3.50% for SOFR-based loa maturing March 11, 2033.

which provides for a $950.0 million term loan

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

ebee93bc936bef1b31466707020e5dbe0b2beb2b

NGL Energy Partners LP amended revolving credit of $425.0 million (reduced from $475.0 million) with JPMorgan Chase Bank, N.A., as administrative agent, and the financial institutions party thereto as lenders at 2.00% to 2.50% for SOFR-based loans and 1.00% to 1.50% for alternate base rate l.

existing asset-based revolving credit facility (the “ABL Facility”). The ABL Amendment amends the ABL Facility to (i) reduce the aggregate amount of commitments thereunder from $475.0 million to $425.0 million, (ii) reduce both the sub-limit for letters of credit, and the aggregate amount that the commitments thereunder may be increased, from $200.0 million to $100.0

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

ce88c1e444a657d76fc2cb54a32f169167085a22

NGL Energy Partners LP entered into Term Loan Credit Agreement with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto valued at $950.0 million (effective 2026-03-12).

On March 12, 2026, NGL Energy Partners LP (“Partnership”) entered into a new term loan credit agreement, dated March 12, 2026 (the “Term Loan Credit Agreement”), by and among Partnership, NGL Energy Operating LLC (“Operating LLC”), a wholly owned subsidiary of Partnership, as borrower, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for a $950.0 million term loan (the “Term Loan”).

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

e92235764b55fd233dcde0b9912853a14f34ee43

NGL Energy Partners LP amended Seventh Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the financial institutions party thereto as lenders (effective 2026-03-12).

On March 12, 2026, Partnership entered into that certain Seventh Amendment to Credit Agreement (the “ABL Amendment”), by and among Operating LLC, as borrower, Partnership, certain of Partnership’s direct and indirect wholly owned subsidiaries, as guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the financial institutions party thereto as lenders, which amends the terms of Partnership’s existing asset-based revolving credit facility (the “ABL Facility”).

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

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which provides for a $950.0 million term loan

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which provides for a $950.0 million term loan

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same fact type: material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

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On March 12, 2026, NGL Energy Partners LP (“Partnership”) entered into a new term loan credit agreement, dated March 12, 2026 (the “Term Loan Credit Agreement”), by and among Partnership, NGL Energy Operating LLC (“Operating LLC”), a wholly owned subsidiary of Partnership, as borrower, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for a $950.0 million term loan (the “Term Loan”).

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same fact type: material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On March 12, 2026, NGL Energy Partners LP (“Partnership”) entered into a new term loan credit agreement, dated March 12, 2026 (the “Term Loan Credit Agreement”), by and among Partnership, NGL Energy Operating LLC (“Operating LLC”), a wholly owned subsidiary of Partnership, as borrower, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for a $950.0 million term loan (the “Term Loan”).

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Filing page SEC filing

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same fact type: material_agreement same SEC item: 1.01, 7.01, 9.01 same event type: debt similar materiality

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On March 12, 2026, NGL Energy Partners LP (“Partnership”) entered into a new term loan credit agreement, dated March 12, 2026 (the “Term Loan Credit Agreement”), by and among Partnership, NGL Energy Operating LLC (“Operating LLC”), a wholly owned subsidiary of Partnership, as borrower, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for a $950.0 million term loan (the “Term Loan”).

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Comparable filing

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Filing page SEC filing

Source: SEC EDGAR

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