NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update

TULSA, Okla.--(BUSINESS WIRE)--New Term Loan Facility NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), together with its wholly owned subsidiary NGL Energy Operating LLC (“NGL Energy Operating”), today announced plans to syndicate a new seven-year $700 million senior secured term loan facility (the “Term Loan Facility”). NGL Energy Operating will be the borrower under the Term Loan Facility. NGL Energy Operating expects to use the net proceeds of the Term Loan Facility, together with proceeds f ...