NGL to da moon (well, maybe to $10?)!! Message Board

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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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From: Elroy	1/18/2024 7:27:31 AM
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Fitch Rates NGL Energy Partners' Long-Term IDR 'B' fitchratings.com. Fitch expects the proposed term loan B to lower the financial burden by allowing NGL to address the preferreds arrearages currently accruing at high interest rates, and to accelerate NGL's efforts in addressing the potential liquidity overhang caused by the class D preferred units in the medium term. Management expects the leverage to be at approximately 4.5x by FYE 2024.

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