NGL Energy raises sum it may move between working, expansion capital

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – NGL Energy Partners LP increased the capacity it may move between the working capital facility and the expansion capital facility to $400 million under its credit agreement with Deutsche Bank Trust Co. Americas as administrative agent, according to a filing with the Securities and Exchange Commission.

The amount is a $275 million increase from the former $125 million limit. The increase took effect Friday.

Total capacity available under the credit agreement remains at $2,296,000,000.

Based in Tulsa, Okla., NGL owns and operates a vertically integrated energy business.

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