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NGL Energy Partners LP (NYSE:NGL) today announced that the underwriters of its previously announced underwritten public offering of 9,000,000 common units representing limited partner interests have exercised in full their option to purchase an additional 1,350,000 common units at a price to the public of $29.00 per common unit. The offering is expected to close on July 15, 2013, subject to customary closing conditions. NGL intends to use the net proceeds from this offering of approximately $287.5 million, including the net proceeds from the underwriters’ purchase of additional common units, to repay indebtedness and for general partnership purposes, including capital expenditures and potential acquisitions.
Deutsche Bank Securities, RBC Capital Markets, BofA Merrill Lynch, Goldman, Sachs & Co., UBS Investment Bank and Raymond James are acting as the joint bookrunners for the offering. When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at
www.sec.gov or from the underwriters of the offering as follows:
Deutsche Bank Securities Inc.60 Wall StreetNew York, New York 10005-2836Attn.: Prospectus GroupTelephone: (800) 503-4611Email:
RBC Capital MarketsAttn: Prospectus DepartmentThree World Financial Center200 Vesey Street, 8th FloorNew York, New York 10281Telephone: (877) 822-4089
BofA Merrill Lynch222 BroadwayNew York, New York 10038Attn: Prospectus DepartmentEmail:
Goldman, Sachs & Co.Attn: Prospectus Department200 West StreetNew York, New York 10282Telephone: (866) 471-2526Email:
UBS Investment BankAttn: Prospectus Department299 Park AvenueNew York, New York 10171Toll-free number: (888) 827-7275
Raymond James & Associates, Inc.880 Carillon ParkwaySt. Petersburg, Florida 33716Attn: Prospectus DepartmentTelephone: 800-248-8863Email:
The common units will be offered and sold pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission on July 8, 2013. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.