---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-24-000004"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:59:23.305494+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NGL Energy announces $2.1B senior secured notes offering to refinance near-term debt

## Summary
- Offering $2.1B aggregate principal of senior secured notes due 2029 and 2032.
- Concurrent $700M new 7-year senior secured term loan facility expected.
- Proceeds to redeem existing 6.125% notes due 2025, 7.5% notes due 2026, and 7.500% senior secured notes due 2026.
- Remaining proceeds to pay fees and repay a portion of outstanding ABL borrowings.
- Notes offered in private placement to QIBs and non-U.S. persons under Rule 144A/Regulation S.

## SEC filing metadata
- accession: 0001504461-24-000004
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1504461/000150446124000004/0001504461-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000004/ngl-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-24-000004
- JSON: https://secwatch.observer/filing/0001504461-24-000004.json
- Plain text: https://secwatch.observer/filing/0001504461-24-000004.txt

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