Probleme bei der Darstellung von ARIVA.DE?

  • Laden unsere Charts bei Ihnen nicht?
  • Wird unser Forum bei Ihnen nicht korrekt dargestellt?

Sie nutzen einen Adblocker, der hierfür verantwortlich ist. Hierauf hat ARIVA.DE leider keinen Einfluss. Bitte heben Sie die Blockierung von ARIVA.DE in Ihrem Adblocker auf.

Probleme bei der Darstellung von ARIVA.DE?

NGL Energy Partners LP Announces Pricing of Upsized $500 Million of Senior Notes

Donnerstag, 16.02.2017 22:40


NGL Energy Partners LP (NYSE:NGL) and its wholly owned subsidiary NGL Energy Finance Corp. today announced that they have priced an upsized private offering of $500 million aggregate principal amount of 6.125% senior notes due 2025. NGL expects to use the net proceeds of this offering and the concurrent offering of NGL’s common units to reduce borrowings under its senior secured revolving credit facility.

The notes are being initially sold to investors at a price of 100% of their principal amount. Interest on the notes will accrue at a rate of 6.125% per annum and will be payable semiannually on March 1 and September 1 of each year, beginning on September 1, 2017. The maturity date of the notes is March 1, 2025.

NGL expects this private offering to close on February 22, 2017, subject to the satisfaction of customary closing conditions.

The offer and sale of the notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the notes may not be offered or sold in the United States of America absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

The notes have been offered and sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act, and outside the United States of America to investors other than U.S. persons, in reliance on Regulation S under the Securities Act. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with five primary businesses — water solutions, crude oil logistics, NGL logistics, refined products/renewables and retail propane. For further information, visit the Partnership’s website at

Forward-Looking Statements

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes its expectations as reflected in the forward-looking statements are reasonable, NGL can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.

View source version on

(c)Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.