NGL ENERGY PARTNERS LP (NYSE:NGL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On March31, 2017, NGL Energy Partners LP (the Partnership), NGL
Energy Operating LLC, in its capacity as borrowers agent, and the
other subsidiary borrowers party thereto entered into Amendment
No.1 to Amended and Restated Credit Agreement (the
Agreement Amendment) with Deutsche Bank Trust
Company Americas, as administrative agent, and the other
financial institutions party thereto. The Credit Agreement
Amendment reduced the maximum senior secured leverage ratio from
3.50:1.00 to 3.25:1.00, as well as included an adjustment to the
requirement to deliver evidence of insurance coverage.
The Credit Agreement Amendment is filed as Exhibit10.1 to this
Current Report on Form8-K and incorporated herein by reference.
The above description of the material terms of the Credit
Agreement Amendment does not purport to be complete and is
qualified in its entirety by reference to Exhibit10.1.
Item 9.01 Financial Statements and Exhibits
Amendment No.1 to Amended and Restated Credit Agreement,
About NGL ENERGY PARTNERS LP (NYSE:NGL)
NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations. Its water solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production, and for the disposal of solids, such as tank bottoms and drilling fluids. Its liquids segment supplies natural gas liquids to retailers, wholesalers, refiners and petrochemical plants throughout the United States and in Canada. Its retail propane segment consists of the retail marketing, and sale and distribution of propane and distillates, among others. The Company’s refined products and renewables segment is engaged in gasoline, diesel, ethanol and biodiesel marketing operations. NGL ENERGY PARTNERS LP (NYSE:NGL) Recent Trading Information
NGL ENERGY PARTNERS LP (NYSE:NGL) closed its last trading session down -0.85 at 21.95 with 372,018 shares trading hands.