---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-23-000029"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:26:39.369613+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NGL Energy Partners signs agreements to sell marine assets for $111.65M cash

## Summary
- Sale price $111.65M cash for marine fleet of 13 towboats and 25 tank barges.
- Proceeds to be used for debt reduction; transaction expected to close end of March 2023.
- CEO states non-core asset sale to reduce leverage and absolute debt.
- BofA Securities serving as financial advisor; McAfee & Taft as legal counsel.

## SEC filing metadata
- accession: 0001504461-23-000029
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000029/0001504461-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000029/ngl-20230303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-23-000029
- JSON: https://secwatch.observer/filing/0001504461-23-000029.json
- Plain text: https://secwatch.observer/filing/0001504461-23-000029.txt

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