NGL Energy to repay revolver debt with proceeds from senior notes

By Sarah Lizee

Olympia, Wash., April 3 – NGL Energy Partners LP plans to repay debt under its revolving credit facility using proceeds from a new offering of $450 million senior notes due 2026, according to a press release.

The company may reborrow from the revolver from time to time in the future for general partnership purposes.

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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