NGL Energy Partners LP Announces Pricing of $450 Million of Senior Notes

NGL Energy Partners LP (NYSE:NGL) and its wholly owned subsidiary NGL
Energy Finance Corp. today announced that they have priced a private
offering of $450 million aggregate principal amount of 7.500% senior
notes dueA 2026. NGL expects to use the net proceeds of this offering to
repay indebtedness under its revolving credit facility, which NGL may
reborrow from time to time in the future for general partnership

The notes are being initially sold to investors at a price of 100% of
their principal amount. Interest on the notes will accrue at a rate of
7.500% per annum and will be payable semiannually on April 15 and
October 15 of each year, beginning on October 15, 2019. The maturity
date of the notes is April 15, 2026.

NGL expects this private offering to close on April 9, 2019, subject to
the satisfaction of customary closing conditions.

The offer and sale of the notes have not been registered under the
Securities Act of 1933, as amended (the "Securities Acta??), or any state
securities laws, and the notes may not be offered or sold in the United
States of America absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable state

The notes have been offered and sold only to persons reasonably believed
to be qualified institutional buyers in accordance with RuleA 144A under
the Securities Act, and outside the United States of America to
investors other than U.S.A persons, in reliance on Regulation S under the
Securities Act. This announcement does not constitute an offer to sell,
or a solicitation of an offer to buy, any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
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