NGL Energy Partners Prices Units Offering

(RTTNews) - NGL Energy Partners LP (NGL) said Tuesday that it has priced its underwritten public offering of 9 million common units representing limited partner interests at $29.00 per common unit.

NGL also granted the underwriters a 30-day option to purchase up to 1.35 million additional common units.

The offering is expected to close on July 15.

The partnership plans to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional common units, to repay indebtedness and for general partnership purposes, including capital expenditures and potential acquisitions.