NGL Energy Partners LP Announces Redemption of 6.875% Senior Notes due 2021
15 September 2018 - 6:30AM
Business Wire
NGL Energy Partners LP (NYSE: NGL) (“NGL”) today announced that
it has called for redemption all $367,048,000 aggregate outstanding
principal amount of its 6.875% Senior Notes due 2021. On
October 16, 2018, registered holders of such notes will
receive a redemption payment of 101.719%, or $1,017.19 per $1,000,
of the principal amount thereof, plus accrued and unpaid interest
thereon, to but not including the Redemption Date. The accrued and
unpaid interest to be included in the Redemption Payment will be
$0.19 per $1,000 of redeemed Notes. Separately, on October 15,
2018, NGL will make the final semiannual interest payment on these
notes to persons who are registered holders at the close of
business on October 1, 2018.
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 such forward-looking statements
are reasonable, NGL cannot assure they 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 United States 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 public filings. 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.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited
partnership. NGL owns and operates a vertically integrated energy
business with four primary businesses: Crude Oil Logistics; Water
Solutions; NGL Liquids; and Refined Products and Renewables. For
further information, visit NGL’s website
at www.nglenergypartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180914005009/en/
NGL Energy Partners LPTrey Karlovich, 918-481-1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918-481-1119Senior
Vice President – Finance and TreasurerLinda.Bridges@nglep.com
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