NGL Energy Partners LP (NYSE:NGL) today announced the commencement of an
underwritten public offering of 6,250,000 common units representing
limited partner interests. NGL will also grant the underwriter a 30-day
option to purchase up to 937,500 additional common units. NGL intends to
use the net proceeds from this offering, including any net proceeds from
the underwriter’s exercise of its option to purchase additional common
units, to repay borrowings under its revolving credit facility and for
general partnership purposes, including capital expenditures and
potential acquisitions.
Barclays is acting as the sole underwriter for the offering. When
available, copies of the preliminary prospectus supplement, prospectus
supplement and accompanying base prospectus relating to the offering may
be obtained free of charge on the Securities and Exchange Commission’s
website at www.sec.gov
or from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847, or by
email at barclaysprospectus@broadridge.com.
The common units will be offered and sold pursuant to an automatically
effective shelf registration statement filed with the Securities and
Exchange Commission on July 8, 2013. The offering is being made only by
means of a prospectus and related prospectus supplement meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
NGL Energy Partners LP (NYSE:NGL) is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with five
primary segments: water solutions, crude oil logistics, NGL logistics,
refined products/renewables and retail propane.
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 its expectations as reflected in the forward-looking statements
are reasonable, NGL can give no assurance that such expectations 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 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 filings with the
Securities and Exchange Commission. 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.
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