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BRIEF-NGL Energy Partners LP announces amended and extended revolving credit facility
February 15, 2017 / 12:01 PM / 8 months ago

BRIEF-NGL Energy Partners LP announces amended and extended revolving credit facility

Feb 15 (Reuters) - NGL Energy Partners Lp -

* Announces amended and extended revolving credit facility

* Announces amended and extended revolving credit facility

* Amended facility has an initial borrowing capacity of $1.765 billion

* Amended facility has an initial borrowing capacity of $1.765 billion, and contains accordion feature of up to an additional $300 million

* Amended facility is secured by substantially all of partnership’s assets subject to certain exclusions

* Amended and extended its revolving credit facility extending term of facility to October 2021

* Amended facility includes a similar pricing and covenant package to previous facility

* At December 31, 2016, partnership’s senior secured leverage ratio was approximately 1.76 to 1.0

* Amended facility consists of a $765 million facility for acquisitions among others Source text for Eikon: Further company coverage:

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