Item 1.01. Entry into a Material Definitive Agreement.

Facility Increase Agreement

On December 30, 2019, NGL Energy Operating, LLC, in its capacity as borrowers' agent and a wholly-owned subsidiary of NGL Energy Partners LP (the "Partnership"), entered into a Facility Increase Agreement (the "Agreement") with Deutsche Bank Trust Company Americas, as administrative agent and the other financial institutions party thereto. The Agreement increases the total revolving commitments under the Partnership's revolving credit facility by an additional $125.0 million.

The Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. The above description of the material terms of the Agreement does not purport to be complete and is qualified in its entirety by reference to Exhibit 10.1.




Item 9.01.    Financial Statements and Exhibits.



(d) Exhibits.
Exhibit No.                                 Description

10.1            Facility Increase Agreement, dated December 30, 2019, among NGL
              Energy Operating LLC, Deutsche Bank Trust Company Americas and the
              other financial institutions party thereto.
101           Cover Page formatted as Inline XBRL.
104           Cover Page Interactive Data File (formatted as Inline XBRL and
              contained in Exhibit 101).




--------------------------------------------------------------------------------

© Edgar Online, source Glimpses