NGL Energy Operating LLC, founded in 2011 and headquartered in Radnor, Pennsylvania, operates as a diversified midstream service provider in the energy sector. The company focuses on logistics, water solutions, and operations related to crude oil, water, and liquid hydrocarbon products.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NGL 8.13% 2029-02-15 USDNGL Energy Operating Llc | United States | 2029-02-15 | 8.125 | 6.63 |
| NGL 8.13% 2029-02-15 USDNGL Energy Operating Llc | United States | 2029-02-15 | 8.125 | 6.68 |
| NGL 8.38% 2032-02-15 USDNGL Energy Operating Llc | United States | 2032-02-15 | 8.375 | 7.30 |
| NGL 8.38% 2032-02-15 USDNGL Energy Operating Llc | United States | 2032-02-15 | 8.375 | 7.31 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NGL Energy has been actively involved in the bond market since its inception, with significant bond issuances beginning around 2013. Noteworthy is their $500 million senior secured notes offering in 2018, which facilitated improved capital structure and liquidity. Currently, the company's bonds yield higher than the industry average, partially due to their unique feature of being secured against various assets, offering investors an added layer of protection. Recent updates indicate NGL is positioning itself to adapt to market shifts, enhancing the potential for attractive investment opportunities in its bond offerings.