secwatch.observer — SEC 8-K summary
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Issuer:     NGL Energy Partners LP (NGL)
CIK:        0001504461
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001504461-24-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504461/000150446124000002/0001504461-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504461/000150446124000002/ngl-20240117.htm
  HTML page:      https://secwatch.observer/filing/0001504461-24-000002

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