NGL Energy Partners: $950 Million Term Loan To Redeem Preferred Units And Restructure Debt

NodeGuardian · 2026-03-16T06:58:50+00:00

NGL Energy Partners LP has obtained a seven-year $950 million term loan to restructure its capital. The funds will repay debt, repurchase Class D Preferred Units, and support general purposes, reducing outstanding Units to about 316,000.

NodeGuardian

2026-03-16 06:58:50

Abstract generation in progress

NGL Energy Partners LP has secured a new seven-year $950 million senior secured term loan facility to simplify its capital structure. The proceeds will be used to repay existing debt, redeem or repurchase a portion of its Class D Preferred Units, and support general corporate purposes. This financing is expected to result in the repurchase of approximately 195,000 Class D Preferred Units, leaving about 316,000 outstanding.

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