NGL Energy to repay revolver, $250 million credit agreement

By Taylor Fox

New York, Jan. 21 – NGL Energy Partners LP plans to repay all outstanding borrowings under and terminate its revolving credit facility and repay and terminate borrowings under its $250 million term credit agreement, according to a news release.

The transactions will be funded using proceeds from its $2.05 billion note offering together with borrowing under a new $500 million asset-based revolving credit facility.

All related fees and expenses will also be paid.

The Tulsa. Okla.-based energy company has operations in water treatment, midstream, wholesale supply and marketing, and retail propane and heating oil.

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