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NGL Energy Partners LP has amended its revolving credit facility to increase the total borrowing capacity by $472 million from $1.721 billion to $2.193 billion.
The additional borrowing capacity is allocated $400 million to the working capital facility and $72 million to the acquisition facility. A $103 million accordion feature remains in addition to the capacity increase.
Atanas Atanasov, Chief Financial Officer and Treasurer, commented: "This credit facility upsize provides NGL flexible and low cost funding to continue driving growth and execute on our business strategy."