NGL Energy to Acquire Pecos Gathering & Marketing

By Staff,

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: NGL

More from MT Newswires


MT Newswires

MT Newswires

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by