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Apollo Global Management Provides $250MM Term Loan to NGL Energy Partners
Thursday, June 4, 2020

Lenders/Participants Apollo Global Management, Inc. [Lender]
Structure Term Loan
Amount $250.000 Million
Borrower(s) NGL Energy Partners LP
Description Facility to refinance its existing $250 million bridge term loan facility that was established in July 2019 with TD Securities (USA) LLC as lead arranger and bookrunner and The Toronto-Dominion Bank, New York Branch as initial lender to finance a portion of the acquisition of Mesquite Disposals Unlimited LLC (“Mesquite”). The new term loan has a three-year maturity and is callable after two years at par. It bears interest at LIBOR plus 8.00%, subject to a 1.50% LIBOR floor and includes similar financial covenants as the Partnership’s existing revolving credit facility, among other terms. The loan is secured by a first lien interest in the Partnership’s assets.
Industry Energy
Related Tags Apollo Global Management

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