The additional borrowing capacity is comprised of an $80m increase in the working capital facility for a total working capital capacity of $130m and a $50m increase in the acquisition facility for a total acquisition capacity of $200m.
According to the company, the working capital facility consists of $100m in capacity that matures in October 2016 and $30m in capacity for seasonal credit needs that matures in February 2012.
The company has up to $200m available for acquisitions as a result of the increased acquisition capacity.
NGL Energy Partners chief financial officer Craig Jones said the expanded credit facility provides the company with the flexibility to pursue additional growth opportunities, as well as providing efficient access to working capital for its operations.
NGL Energy Partners owns and operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing and retail propane.
