NGL Energy Partners LP
Description
Extended the term of its revolving credit facility to October 2021. The amended facility has an accordion feature of an additional $300 million. There is a $1 billion facility for working capital and other general corporate purposes, and a $765 million facility for acquisitions, other capex and general purposes. Pricing and covenant similar to previous facility, with additional senior secured leverage covenant. Deutsche Bank was lead arranger and is the facility’s administrative agent. Winston & Strawn LLP was partnership’s legal counsel.