Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
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.
- Instrument
- revolving credit
- Principal
- $425.0 million (reduced from $475.0 million)
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the financial institutions party thereto as lenders
- Rate
- 2.00% to 2.50% for SOFR-based loans and 1.00% to 1.50% for alternate base rate l
- Event
- amendment
Exact text from the filing
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
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
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).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto
- Value
- $950.0 million
- Effective
- 2026-03-12
Exact text from the 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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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
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).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the financial institutions party thereto as lenders
- Effective
- 2026-03-12
Exact text from the filing
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”).
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