Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

NGL Energy Partners LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Coupon is fixed at 9% until 7/2022 after which it floats at a rate of 3 month Libor plus a spread of 7.213%

6/3/2021 dividends are suspended

Ticker: NGL-B

Parent Ticker: NGL

OTC Grey Market Temporary Ticker: NA

Issuance Date: 06/05/2017

1st Call Date: 07/01/2022

Maturity Date: None

Shares Issued: 7,400,000

Overallotment Shares: 1,110,000

Coupon: 9.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.56

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR