secwatch.observer — SEC 8-K summary
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Issuer:     NGL Energy Partners LP (NGL)
CIK:        0001504461
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001504461-23-000029
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504461/000150446123000029/0001504461-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504461/000150446123000029/ngl-20230303.htm
  HTML page:      https://secwatch.observer/filing/0001504461-23-000029

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