NGL Energy Partners Provides Preliminary Estimates For Q3 Results, Expects Consolidated Adjusted EBITDA Of $150M–$160M; Announces $700M Senior Secured Term Loan Facility
Author: Benzinga Newsdesk | January 18, 2024 02:58am
For the three months ended December 31, 2023, NGL is estimating the following:
- Consolidated Adjusted EBITDA1: $150 - $160 million; and
- Capital expenditures (including both maintenance and growth): $30 - $40 million.
In addition, NGL is providing the following information regarding the outstanding principal amount of certain of its debt as of December 31, 2023:
- Asset-based revolving credit facility borrowings of: $55.0 million
- Senior notes:
- 6.125% senior unsecured notes due 2025: $281 million;
- 7.5% senior unsecured notes due 2026: $320 million; and
- 7.500% senior secured notes due 2026: $2.050 billion.
Posted In: NGL
