NGL Energy Partners to redeem $203.4 million 7½% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – NGL Energy Partners LP plans to redeem all $203.4 million of its outstanding 7½% senior notes due 2023, according to an 8-K filing with the Securities and Exchange Commission.

On March 31, registered holders will receive a redemption payment of par plus accrued interest up to but excluding the redemption date.

NGL is a Tulsa, Okla.-based owner and operator of an energy business with three operating segments: midstream, wholesale supply and marketing and retail propane.

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