NGL Energy to Acquire Pecos Gathering & Marketing

Comment

Shutterstock photo

NGL Energy Partners LP ( NGL ) has signed an agreement with Pecos Gathering & Marketing, L.L.C. and its affiliated companies to acquire all of the limited liability company membership interests of Pecos for cash, plus an additional payment for agreed upon capital expenditures.

The company said the purchase price will be financed through borrowings under its credit facility. The transaction is expected to close November 1, 2012, subject to normal closing conditions.

NGL shed 5 cents yesterday but is trading close to year high $27.61.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com