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NEWS

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 Lindsay SparksWill Burns, and Frank Lopez, of counsel Kris Villareal, and associates Spencer YoungAngela KimStephen Perry, Maciej Zielnik and David Stanek.

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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