NGL-B NGL Energy 9.00% Class B Fixed-to-Floating Rate Cumulative Preferred Units

Distributions on the Class B Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, when, as and if declared by our general partner; provided that the initial distribution on the Class B Preferred Units will accumulate from the date of original issue until September 30, 2017, and will be payable on October 15, 2017 in an amount equal to $0.675 per Class B Preferred Unit. Distributions on the Class B Preferred Units will be payable out of amounts legally available therefor from and including the date of original issue to, but not including, July 1, 2022 at a rate equal to 9.00% per annum of the $25.00 liquidation preference. On and after July 1, 2022, distributions on the Class B Preferred Units will accumulate for each quarterly distribution period at a percentage of the $25.00 liquidation preference equal to the applicable Three-Month LIBOR plus a spread of 721.3 basis points. At any time on or after July 1, 2022, we may redeem the Class B Preferred Units, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per Class B Preferred Unit plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the date of redemption, regardless of whether declared  This security was issued by NGL Energy Partners LP, whose common stock symbol is NGL.

$15.11  -0.09 (-0.59%)
As of 10/27/2021 15:23:38 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Energy
Industry:  Oil & Gas Refining & Marketing
Index country:  USA
Country of incorporation:  USA
IPO date:  06/07/2017
Outstanding shares:  8,510,000
Average volume:  28,609
Market cap:   $132,585,800
Current dividend yield:  14.44%    calculation
Initial coupon rate:    9.000%
Spread to LIBOR: 0.072130
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   07/01/2022
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    62913M206
ISIN:        US62913M2061
Sedol:      BYSX804

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