NGL Energy Partners to draw from credit facility to finance purchase

By Tali David

Minneapolis, Oct. 24 - NGL Energy Partners LP plans to use borrowings under its credit facility to fund the purchase of Pecos Gathering & Marketing, LLC's limited liability company membership interests, according to a press release.

The transaction is expected to close on Nov. 1, subject to normal closing conditions.

NGL Energy Partners is a Tulsa, Okla.-based energy business with four operating segments: water treatment, midstream, wholesale supply and marketing and retail propane and heating oil.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.