NGL Energy Partners LP Announces Public Offering Of Common Units

Thursday, 19 Sep 2013 04:17pm EDT 

NGL Energy Partners announced the commencement of an underwritten public offering of 4,100,000 common units representing limited partner interests. NGL will also grant the underwriters a 30-day option to purchase up to 615,000 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 incurred in connection with recent acquisitions.