NGL ENERGY PARTNERS LP (NYSE:NGL) Files An 8-K Termination of a Material Definitive AgreementItem 1.02.
Termination of a Material Definitive Agreement.
The information set forth in Item 8.01 below is incorporated by reference into this Item 1.02.
On December 29, 2017, NGL Energy Partners LP (“NGL”) prepaid in full all of its 6.65% senior secured notes due June 19, 2022 (the “Senior Secured Notes”). In accordance with the terms of the note purchase agreement governing the Senior Secured Notes, the prepayment included a make-whole premium of approximately $17.5 million, in addition to the outstanding principal balance and accrued interest. A press release issued by NGL on January 2, 2018 relating to the foregoing is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
Financial Statements and Exhibits.
Press release dated January 2, 2018.
NGL Energy Partners LP ExhibitEX-99.1 2 exhibit991updateondebtredu.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NGL Energy Partners LP Provides Update on Debt Reduction and Interest SavingsTULSA,…To view the full exhibit click
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.