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NGL Energy Partners 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Sold      6/6/2017

Shares Issued    7,400,000   Overallotment Shares   1,110,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol     NGL-B      OTC Grey Market     NGGLP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2017

Quarterly Dividend   .563   Annual Dividend   2.25

Securities may be redeemed, at the issuers option, as early as 7/1/2022 for a redemption price of $25/share plus accrued dividends.

Coupon is fixed at 9% until 7/1/2022 after which it floats at 7.213% plus 3 month Libor.

Dividend Payment Will NOT be a Qualified Distributions as NGL is a MLP

Company will issue a K-1 at tax time to holders of this security.

Maturity Date   None

 

Company Investor Relations Page for NGL Energy Partners

Click Here to find the offering Prospectus and/or Final Pricing Document

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