NGL Energy Partners LP (NYSE: NGL) priced a public offering of 8 million common shares, each representing limited partner interests, at $43.85 each, the company said June 18.
Net proceeds will support general partnership purposes and repay debts, the company said. They will also support general corporate purposes, which include capex and potential acquisitions, the company noted.
A monthlong option to purchase up to 1,200,000 additional shares was granted to underwriters, NGL said.
The offering is scheduled to close on June 23, NGL noted.
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