NGL Energy Partners to Buyback $45MM in Units
NGL Energy Partners LP announced that the Board of Directors of its general partner has authorized a unit repurchase program, under which NGL may repurchase up to $45 million of its outstanding units representing limited partnership interests of NGL through March 31, 2016.
NGL may repurchase units from time to time in the open market or in other privately negotiated transactions, subject to market conditions. The unit repurchase program authorization does not obligate NGL to repurchase any dollar amount or number of its units, and repurchases may be commenced or suspended from time to time without prior notice.
Announced Date
September 10,2015
Value ( $MM )
45
Type
Buy Back
Use of Fund
General Purpose
Company
NGL Energy Partners Lp
Country
United States