NGL Energy upsizes notes offering to $2.2B, prices 8.125% 2029 and 8.375% 2032 senior secured notes

NGL Energy Partners LP

Offering upsized from $2.1B to $2.2B; $900M of 8.125% notes due 2029 and $1.3B of 8.375% notes due 2032.
Concurrent $700M senior secured term loan facility (7-year) to be entered alongside the notes.
Proceeds will redeem existing 6.125% notes due 2025, 7.5% notes due 2026, and 7.500% senior secured notes due 2026.
Also repay borrowings under senior secured ABL facility; remaining proceeds for general corporate purposes.
Interest payable quarterly starting May 15, 2024; notes offered via Rule 144A/Reg S, not registered.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.