NYSE:NGLOil and Gas
NGL Energy Partners Resets Debt Structure As Units Screen Undervalued
NGL Energy Partners (NYSE:NGL) secured a new $950 million seven year senior term loan.
The partnership also amended its senior secured revolving credit facility as part of the same financing move.
These transactions adjust NGL’s capital structure and liquidity profile in a single financing package.
NGL Energy Partners comes into this financing step with units at $11.0 and a very large 5 year return, alongside a 275.4% return over 3 years and 142.8% over 1 year. Recent trading has been...