NGL Energy Partners expands revolving facility to $2.19 billion

By Susanna Moon

Chicago, June 16 – NGL Energy Partners LP said it amended its revolving credit facility, lifting the total borrowing capacity by $472 million to $2.193 billion.

Of the upsized amount, $400 million will be allocated to the working capital facility and $72 million to the acquisition facility, according to a company press release.

The company said that a $103 million accordion feature remains.

“This credit facility upsize provides NGL flexible and low cost funding to continue driving growth and execute on our business strategy,” Atanas Atanasov, the company’s chief financial officer and treasurer, said in the press release.

The energy company is based in Tulsa, Okla.

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