NGL Energy Partners LP

Completed its private placement of 10.75% Class A convertible preferred units with funds managed by Oaktree Capital Management LP, including a vehicle funded by Partners Group. Original purchase agreement was amended, increasing the original $200 million private placement. Net proceeds will repay outstanding revolving credit facility borrowings. RBC Capital Markets, UBS Investment Bank and Deutsche Bank Securities were placement agents and financial advisers. Andrews Kurth LLP was NGL’s legal counsel. Barclays was the financial adviser to Oaktree, and Vinson & Elkins was Oaktree’s legal counsel.