---
schema_version: "secwatch.filing_event.v1"
accession: "0001504461-24-000006"
form_type: "8-K"
ticker: "NGL"
cik: "0001504461"
company_name: "NGL Energy Partners LP"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:16:43.689181+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001504461-24-000006
- form_type: 8-K
- ticker: NGL
- cik: 0001504461
- company_name: NGL Energy Partners LP
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000006/0001504461-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504461/000150446124000006/ngl-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504461-24-000006
- JSON: https://secwatch.observer/filing/0001504461-24-000006.json
- Plain text: https://secwatch.observer/filing/0001504461-24-000006.txt

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