NGL announced redemption of $367 million in notes

Tulsa’s NGL Energy Partners LP announced that it has called for redemption all $367,048,000 aggregate outstanding principal amount of its 6.875% Senior Notes due 2021.

On October 16, 2018, registered holders of such notes will receive a redemption payment of 101.719%, or $1,017.19 per $1,000, of the principal amount thereof, plus accrued and unpaid interest thereon, to but not including the Redemption Date.

The accrued and unpaid interest to be included in the Redemption Payment will be $0.19 per $1,000 of redeemed Notes. Separately, on October 15, 2018, NGL will make the final semiannual interest payment on these notes to persons who are registered holders at the close of business on October 1, 2018.