---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-23-000024"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:15:47.052570+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NGL Energy permanently expands ABL facility to $600M, extends $100M maturity to Feb 2026

## Summary
- Third Amendment makes $600M ABL commitment permanent; $100M previously temporary now extends through Feb 2026.
- Original $500M ABL facility was increased via accordion in Apr 2022, with $100M set to revert by Mar 31, 2023.
- CFO Brad Cooper cites financial flexibility for Water Solutions segment growth and higher commodity prices.
- Base terms of credit agreement unchanged; maturity of incremental commitment aligns with remaining facility term.

## SEC filing metadata
- accession: 0001504461-23-000024
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000024/0001504461-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000024/ngl-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-23-000024
- JSON: https://secwatch.observer/filing/0001504461-23-000024.json
- Plain text: https://secwatch.observer/filing/0001504461-23-000024.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.