---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-23-000035"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:55:53.092008+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NGL Energy completes marine sale for $112M; repays $39M loan; redeems 7.5% notes; debt $2.9B

## Summary
- Sale of marine assets closed Mar 30, 2023 for $111.65M cash, less ~$7.5M expenses.
- Used $39M of proceeds to repay marine equipment loan; remainder to reduce ABL borrowings.
- Redeemed all 7.5% unsecured senior notes due Nov 2023 on Mar 31.
- Total debt at Mar 31 ~$2.9B, down ~$600M since Sep 30, 2022; leverage expected ~4.5x.
- CEO says leverage below 4.75x achieved faster than expected.

## SEC filing metadata
- accession: 0001504461-23-000035
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000035/0001504461-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000035/ngl-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-23-000035
- JSON: https://secwatch.observer/filing/0001504461-23-000035.json
- Plain text: https://secwatch.observer/filing/0001504461-23-000035.txt

## Key facts
- M&A Transactions
  NGL Energy Partners LP completed a disposition involving Campbell Transportation Company, Inc. and Magnolia Marine Transport Company for $111.65 million in cash less estimated expenses of approximately $7.5 million (closed 2023-03-30).
  - Action: disposition
  - Counterparty: Campbell Transportation Company, Inc. and Magnolia Marine Transport Company
  - Consideration: $111.65 million in cash less estimated expenses of approximately $7.5 million
  - Closing: 2023-03-30
  source text: On March 30, 2023, NGL Energy Partners LP (the “Partnership”) completed the sale of all of its marine assets for $111.65 million in cash less estimated expenses of approximately $7.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504461/000150446123000035/0001504461-23-000035-index.htm

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