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NGL Energy Partners LP Announces Public Offering of Common Units

Monday, 8 Jul 2013 04:39pm EDT 

NGL Energy Partners LP announced the commencement of an underwritten public offering of 9,000,000 common units representing limited partner interests. NGL will also grant the underwriters a 30-day option to purchase up to 1,350,000 additional common units. NGL intends to use the net proceeds from this offering, including any net proceeds from the underwriters` exercise of their option to purchase additional common units, to repay indebtedness and for general partnership purposes, including capital expenditures and potential acquisitions. Deutsche Bank Securities, BofA Merrill Lynch, Goldman, Sachs & Co., Raymond James, RBC Capital Markets and UBS Investment Bank will act as the joint bookrunners for the offering. 

Company Quote

0.64 +2.23%
26 Dec 2014