NGL Energy Partners LP (NYSE:NGL) has amended its revolving credit facility to increase the total borrowing capacity by $472 million from $1.721 billion to $2.193 billion.
The additional borrowing capacity is allocated $400 million to the working capital facility and $72 million to the acquisition facility. A $103 million accordion feature remains in addition to the capacity increase.
NGL Energy Partners is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL liquids, and retail propane. NGL completed its initial public offering in May 2011.