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NGL Energy Partners Obtains $2.55 Billion Financing

February 05, 2021

Houston and New York – Paul Hastings LLP, a leading global law firm, announced today that it has advised NGL Energy Partners, LP in connection with its entry into a new $500 million ABL credit facility and an offering of $2.05 billion of senior secured notes maturing in 2026.

NGL used the net proceeds of the refinancing to repay all outstanding borrowings under its existing revolving credit facility and its $250 million term credit agreement.

The Paul Hastings team was led by partners 

, and , of counsel , and associates , Maciej Zielnik and .

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.



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