Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
NGL Energy Partners LP (“NGL Energy Partners” or the “Partnership”) (NYSE: NGL) recently completed a follow-on offering of 10,350,000 common units at a price of $29.00 per unit, generating gross proceeds of approximately $300.2 million. The Partnership intends to use the net proceeds from the offering to repay indebtedness and for general partnership purposes, including capital expenditures and potential acquisitions.NGL Energy Partners is a publicly traded master limited partnership that owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, natural gas liquids logistics and retail propane. NGL Energy Partners is headquartered in Tulsa, Oklahoma.
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- Date
- July 2013
- Company
- NGL Energy Partners LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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