NGL Energy Partners LP Announces Pricing of Common Unit Offering

TULSA, Okla.--(BUSINESS WIRE)--

NGL Energy Partners LP NGL today announced it has priced its underwritten public offering of 8,000,000 common units representing limited partner interests at $43.85 per common unit. NGL also granted the underwriters a 30-day option to purchase up to 1,200,000 additional common units. The offering is expected to close on June 23, 2014, subject to customary closing conditions. NGL intends to use the net proceeds from this offering, including any net proceeds from the underwriters' exercise of their option to purchase additional common units, to repay indebtedness and for general partnership purposes, including capital expenditures and potential acquisitions.

BofA Merrill Lynch, Barclays, Wells Fargo Securities, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, Goldman, Sachs & Co. and Raymond James are acting as the joint bookrunners for the offering. When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission's website at www.sec.gov or from the underwriters of the offering as follows:

BofA Merrill Lynch
222 Broadway
New York, New York 10038
Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com

Wells Fargo Securities
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897

Deutsche Bank Securities
60 Wall Street
New York, New York 10005-2836
Attn: Prospectus Group
Telephone: (800) 503-4611
Email: prospectus.CPDG@db.com

RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281
Telephone: (877) 822-4089

UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone (888) 827-7275

Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, New York 10282
Telephone: (866) 471-2526
Email: prospectus-ny@ny.email.gs.com

Raymond James
880 Carillon Parkway
St. Petersburg, Florida 33716
Attn: Prospectus Department
Telephone: (800) 248-8863
Email: prospectus@raymondjames.com

The common units are being offered and sold pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission on July 8, 2013. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

NGL Energy Partners LP NGL is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL liquids and retail propane, with locations in the United States and Canada.

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes its expectations as reflected in the forward-looking statements are reasonable, NGL can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL's annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.