NGL Energy Partners Updates Registered Securities on NYSE
Ticker: NGL-PC · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1504461
| Field | Detail |
|---|---|
| Company | Ngl Energy Partners LP (NGL-PC) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.1 billion |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, securities-registration, exchange-listing
TL;DR
**NGL Energy Partners confirmed its common, Series B, and Series C preferred units are registered on the NYSE.**
AI Summary
NGL Energy Partners LP filed an 8-K on January 23, 2024, to update the securities registered under Section 12(b) of the Exchange Act. The filing specifically notes the registration of their Common units representing Limited Partner Interests, Series B Preferred Stock, and Series C Preferred Stock on the New York Stock Exchange. This matters to investors because it confirms the public trading status of these specific securities, providing clarity on what shares are actively traded and subject to SEC oversight.
Why It Matters
This filing clarifies which of NGL Energy Partners' securities are officially registered and traded on the New York Stock Exchange, providing transparency for current and potential investors regarding their investment options.
Risk Assessment
Risk Level: low — This filing is a routine update of registered securities and does not indicate any new financial or operational risks.
Analyst Insight
Investors should note this filing as a confirmation of the publicly traded status of NGL Energy Partners' common and preferred units on the NYSE, ensuring they are aware of the specific securities available for trading and their exchange listing.
Key Players & Entities
- NGL Energy Partners LP (company) — registrant
- New York Stock Exchange (company) — exchange where securities are registered
- Common units representing Limited Partner Interests (other) — class of security registered
- Series B Preferred Stock (other) — class of security registered
- Series C Preferred Stock (other) — class of security registered
FAQ
What is the purpose of this 8-K filing by NGL Energy Partners LP?
The purpose of this 8-K filing is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically to update the securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as of January 23, 2024.
Which specific securities of NGL Energy Partners LP are mentioned as registered in this filing?
The filing explicitly states that 'Common units representing Limited Partner Interests,' 'Series B Preferred Stock,' and 'Series C Preferred Stock' are registered pursuant to Section 12(b) of the Act.
On which exchange are these securities registered?
All the mentioned securities, including Common units representing Limited Partner Interests, Series B Preferred Stock, and Series C Preferred Stock, are registered on the New York Stock Exchange (NYSE).
What is the trading symbol for the Common units representing Limited Partner Interests?
The trading symbol for the Common units representing Limited Partner Interests is 'NGL'.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 23, 2024.
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-01-23 16:39:18
Key Financial Figures
- $2.1 billion — subject to market and other conditions, $2.1 billion in aggregate principal amount of senior
Filing Documents
- ngl-20240123.htm (8-K) — 32KB
- exhibit991pressreleasedate.htm (EX-99.1) — 7KB
- 0001504461-24-000004.txt ( ) — 227KB
- ngl-20240123.xsd (EX-101.SCH) — 3KB
- ngl-20240123_def.xml (EX-101.DEF) — 18KB
- ngl-20240123_lab.xml (EX-101.LAB) — 34KB
- ngl-20240123_pre.xml (EX-101.PRE) — 18KB
- ngl-20240123_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On January 23, 2024, NGL Energy Partners LP issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing that it intends to offer, subject to market and other conditions, $2.1 billion in aggregate principal amount of senior secured notes due 2029 and senior secured notes due 2032. This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities to be offered have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The securities will be offered only to persons reasonably believed to be qualified institutional buyers under the Securities Act and to persons, other than U.S. persons, outside of the United States pursuant to Regulation S under the Securities Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 2 3 , 2024. 101 Cover Page formatted as Inline XBRL. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NGL Energy Partners LP By: NGL Energy Holdings LLC, its general partner Date: January 23, 2024 By: /s/ Bradley P. Cooper Bradley P. Cooper Chief Financial Officer