Mar122026
Deals and agreementsDebt and sharesOther news
Signed a major agreement (Item 1.01)
A major new contract can change what the company sells, spends or owes.
In the company's wordsNew Term Loan On March 12, 2026, NGL Energy Partners LP (“Partnership”) entered into a new term loan credit agreement, dated March 12, 2026 (the “Term Loan Credit Agreement”), by and among Partnership, NGL Energy Operating LLC (“Operating LLC”), a wholly owned subsidiary of Partnership, as borrower, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for a $950.0 million term loan (the “Term Loan”). Operating LLC is the borrower under the Term Loan, and Partnership and certain of Partnership’s direct and indirect wholly owned subsidiaries are the guarantors under the Term Loan. Operating LLC used the proceeds of …
Took on a major new debt or obligation (Item 2.03)
New borrowing adds to what the company owes and the interest it pays.
In the company's wordsThe information set forth in Item 1.01 hereto under the captions “New Term Loan” and “ABL Amendment” is incorporated by reference into this Item 2.03.
Shared information with investors (Item 7.01)
Information shared with investors, often a presentation or press release.
In the company's wordsOn March 12, 2026, Partnership issued a press release announcing the closing of the Term Loan. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. The information in Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, is being “furnished” pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Partnership filing, whether made before or after the date hereof, regardless of any general incorporated language in such filing.