---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-24-000002"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:53:46.814233+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NGL announces $700M senior secured term loan and prelim Q3 EBITDA $150-160M

## Summary
- Plans seven-year $700M senior secured term loan facility to refinance existing debt and for general corporate purposes.
- Preliminary Q3 FY2024 Adjusted EBITDA estimated $150-160M; capital expenditures $30-40M.
- As of Dec 31, 2023: $55M ABL borrowings; $281M of 6.125% notes due 2025; $320M of 7.5% notes due 2026; $2.05B of 7.5% secured notes due 2026.
- Term loan closing expected in Q1 2024, subject to lender commitments, market conditions, and customary conditions.

## SEC filing metadata
- accession: 0001504461-24-000002
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000002/0001504461-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000002/ngl-20240117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-24-000002
- JSON: https://secwatch.observer/filing/0001504461-24-000002.json
- Plain text: https://secwatch.observer/filing/0001504461-24-000002.txt

## Key facts
- Earnings Releases
  NGL Energy Partners LP reported preliminary financial results for fiscal third quarter ended December 31, 2023.
  - Period: fiscal third quarter ended December 31, 2023
  - Result: preliminary results
  source text: On January 17, 2024, NGL Energy Partners LP (“Partnership”) provided estimates of certain preliminary results of operations for the fiscal third quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000002/0001504461-24-000002-index.htm

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