NGL Energy Partners Seeks $700M in New Term Loan to Boost Operations

NGL Energy Partners Seeks $700 Million to Refinance Debt and Cover Expenses

NGL Energy Partners LP (NYSE: NYSE:) and its subsidiary, NGL Energy Operating LLC, have announced their intention to syndicate a new $700 million senior secured term loan. The loan, which has a seven-year maturity, will be used to refinance existing debt and cover general corporate expenses. This move comes as NGL aims to strengthen its financial position and optimize its capital structure.