New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 17, 2014
16:30 EDTNGLNGL Energy Partners files to sell 8M common units representing limited partners
BofA Merrill Lynch, Barclays, Wells Fargo Securities, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, Goldman, Sachs & Co. and Raymond James will act as the joint bookrunners for the offering.
News For NGL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 9, 2016
19:12 EDTNGLNGL Energy Partners reports Q3 EPS 3c, consensus 24c
Reports Q3 revenue $2.69B, consensus $3.3B.
February 2, 2016
08:37 EDTNGLTransMontaigne: NGL Energy closed sale of ownership interests in GP to Arclight
Subscribe for More Information
08:31 EDTNGLNGL Energy says closes sale of interest in Transmontaigne Partners for $350M
NGL Energy Partners LP (NGL) announced that on February 1, 2016, it closed the sale of its interest in TransMontaigne GP LLC (TLP) to Gulf TLP Holdings, LLC, an affiliate of ArcLight Capital Partners for $350 million in cash. TLPGP is the general partner of TransMontaigne Partners L.P., a Delaware master limited partnership and holds the 2% general partner interest and incentive distribution rights of TLP. NGL will use the cash proceeds to repay borrowings outstanding on its revolving credit facility. The TransMontaigne marketing business is a significant part of NGL's refined products business and remains with NGL uninterrupted by this transaction. NGL will retain TransMontaigne Product Services LLC, its customer contracts and its line space on the Colonial and Plantation pipelines. NGL will retain approximately 3.2 million common units it owns in TLP and has granted an option to ArcLight to purchase 800,000 of those common units at a future date.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use