Document:

Exhibit 10.1

 

FACILITY INCREASE AGREEMENT

 

This FACILITY INCREASE AGREEMENT (this “Agreement”), dated October 7, 2015, is made by NGL ENERGY OPERATING LLC, a Delaware limited liability company (the “Borrowers’ Agent”), each party signatory hereto identified as a New Revolving Lender on the signature pages hereto (each a “New Revolving Lender”), each party signatory hereto identified as an Increasing Lender on the signature pages hereto (each an “Increasing Lender”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and each Issuing Bank party hereto.  Capitalized terms used in this Agreement and not defined herein, including in this preamble, have the meanings set forth for such terms in the Credit Agreement (as hereinafter defined).

 

WHEREAS, the Borrowers, the Guarantors, the Administrative Agent, Deutsche Bank AG, New York Branch, as technical agent, Deutsche Bank Trust Company Americas, as collateral agent for the Secured Parties and the Lenders party thereto have entered into a Credit Agreement dated as of June 19, 2012, as amended by Amendment No. 1 thereto, dated as of January 15, 2013, Amendment No. 2 thereto, dated as of May 8, 2013, Amendment No. 3 thereto, dated as of September 30, 2013, Amendment No. 4 thereto, dated as of November 5, 2013, Amendment No. 5 thereto, dated as of December 23, 2013, Amendment No. 6 thereto, dated as of June 12, 2014, and Amendment No. 7, dated as of June 27, 2014, Amendment No. 8 thereto dated as of December 19, 2014, Amendment No. 9 thereto dated May 1, 2015 and Amendment No. 10 thereto dated as of July 31, 2015 (and as otherwise amended, supplemented or modified from time to time, the “Credit Agreement”).

 

WHEREAS, the parties hereto desire to evidence an increase in the aggregate Acquisition Revolving Commitments pursuant to Section 2.4(c) of the Credit Agreement as set forth herein.

 

NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.             The aggregate Acquisition Revolving Commitments are hereby increased from $858,000,000.00 to $1,008,000,000.00, as of the effective date of this Agreement (the “Increase Effective Date”), the Commitments of the Lenders shall be as set forth in Schedule 1 hereto.

 

2.             Consistent with Section 2.4(c)(v) of the Credit Agreement, as of the Increase Effective Date, Schedule 1 shall supersede and replace Schedule 1.1A of the Credit Agreement.

 

3.             To induce each New Revolving Lender, each Increasing Lender, and the other Secured Parties party hereto to enter into this Agreement, the Borrowers’ Agent (by delivery of its respective counterpart to this Agreement) hereby (i) represents and warrants that after giving effect to this Agreement, the representations and warranties contained in the Credit Agreement and other Loan Documents are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date); (ii) represents and warrants that in connection with this Agreement, it (x) has the requisite power and authority to make, deliver and perform this Agreement on behalf of the Credit Parties; (y) has taken all necessary corporate, limited liability company, limited partnership or other action to authorize its execution, delivery and performance of this Agreement, and (z) has duly executed and delivered this Agreement; and (iii) certifies that no Default or Event of Default has occurred and is continuing under the Credit Agreement (both immediately before and after giving effect to this Agreement).

 

 

4.             By executing and delivering a copy of this Agreement to the Technical Agent, each (i) New Revolving Lender hereby accepts and agrees to be bound by the terms of the Credit Agreement as a Lender thereunder, (ii) each Increasing Lender agrees and confirms to remain bound by the terms of the Credit Agreement as a Lender thereunder as modified by this Agreement, and (iii) each New Revolving Lender and each Increasing Lender hereby further acknowledges and agrees that the amount of its Commitments after giving effect to this Agreement shall be as set forth opposite its name on Schedule 1 hereto.

 

This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Agreement may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy or electronic transmission (in .pdf format) shall be effective as delivery of a manually executed counterpart of this Agreement.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, each party hereto has caused this Agreement to be executed and delivered by its officer thereunto duly authorized as of the date above first written.

 

	
 
    	
NGL ENERGY OPERATING   LLC,
    
	
 
    	
as Borrowers’ Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Atanas H. Atanasov
    
	
 
    	
 
    	
Name: 
    	
Atanas Atanasov
    
	
 
    	
 
    	
Title: 
    	
CFO
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
DEUTSCHE BANK TRUST   COMPANY AMERICAS,
   as Administrative Agent
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Estelle Lawrence
    
	
 
    	
 
    	
Name: 
    	
Estelle Lawrence
    
	
 
    	
 
    	
Title: 
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Robert S. Peschler
    
	
 
    	
 
    	
Name: 
    	
Robert S. Peschler
    
	
 
    	
 
    	
Title: 
    	
Vice President
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
DEUTSCHE BANK AG, NEW   YORK BRANCH,
    
	
 
    	
as Issuing Bank, Swing   Line Lender, and
    
	
 
    	
an Increasing Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chris Chapman
    
	
 
    	
 
    	
Name: 
    	
Chris Chapman
    
	
 
    	
 
    	
Title: 
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Juan-Jose Mejia
    
	
 
    	
 
    	
Name: 
    	
Juan-Jose Mejia
    
	
 
    	
 
    	
Title: 
    	
Director
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
CREDIT SUISSE AG, CAYMAN ISLANDS
   BRANCH, as a New Revolving Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Nupur Kumar
    
	
 
    	
 
    	
Name: 
    	
Nupur Kumar
    
	
 
    	
 
    	
Title: 
    	
Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Warren Van Heyst
    
	
 
    	
 
    	
Name: 
    	
Warren Van Heyst
    
	
 
    	
 
    	
Title: 
    	
Authorized Signatory
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
CITIZENS BANK, N.A.,
    
	
 
    	
as a New Revolving Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Scott Donaldson
    
	
 
    	
 
    	
Name: 
    	
Scott Donaldson
    
	
 
    	
 
    	
Title: 
    	
Senior Vice President
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
ROYAL BANK OF CANADA,
    
	
 
    	
as an Increasing Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jason S York
    
	
 
    	
 
    	
Name: 
    	
Jason S York
    
	
 
    	
 
    	
Title: 
    	
Authorized Signatory
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
WELLS FARGO BANK, NATIONAL ASSOCIATION,
    
	
 
    	
as an Increasing Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jacob L. Osterman
    
	
 
    	
 
    	
Name: 
    	
Jacob L. Osterman
    
	
 
    	
 
    	
Title: 
    	
Vice President
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
 
    	
BARCLAYS BANK PLC,
    
	
 
    	
as an Increasing Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Vanessa Kurbatskiy
    
	
 
    	
 
    	
Name: 
    	
Vanessa Kurbatskiy
    
	
 
    	
 
    	
Title: 
    	
Vice President
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
Acknowledged and agreed   by,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
BNP PARIBAS,
    	
 
    
	
as Issuing Bank
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Jordan Nenoff
    	
 
    
	
 
    	
Name: 
    	
Jordan Nenoff
    	
 
    
	
 
    	
Title: 
    	
Director
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Christine Dirringer
    	
 
    
	
 
    	
Name: 
    	
Christine Dirringer
    	
 
    
	
 
    	
Title: 
    	
Managing Director
    	
 
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
Acknowledged and agreed   by,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
BANK OF AMERICA, N.A.,
    	
 
    
	
as Issuing Bank
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Michael Clayborne
    	
 
    
	
 
    	
Name: 
    	
Michael Clayborne
    	
 
    
	
 
    	
Title: 
    	
Vice President
    	
 
    

 

[Signature Page to Facility Increase Agreement]

 

 

	
Acknowledged and agreed   by,
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
PNC BANK, NATIONAL   ASSOCIATION,
    	
 
    
	
as Issuing Bank
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Jonathan Luchansky
    	
 
    
	
 
    	
Name: 
    	
Jonathan Luchansky
    	
 
    
	
 
    	
Title: 
    	
Vice President
    	
 
    

 

[Signature Page to Facility Increase Agreement]Exhibit 10.2

 

AMENDMENT NO. 11 TO CREDIT AGREEMENT

 

AMENDMENT NO. 11 TO CREDIT AGREEMENT, dated as of December 23, 2015 (this “Amendment”) to the Credit Agreement dated as of June 19, 2012, as amended by Amendment No. 1 thereto dated as of January 15, 2013, Amendment No. 2 thereto dated as of May 8, 2013, Amendment No. 3 thereto dated as of September 30, 2013, Amendment No. 4 thereto dated as of November 5, 2013, Amendment No. 5 thereto dated as of December 23, 2013, Amendment No. 6 thereto dated as of June 12, 2014, Amendment No. 7 thereto dated as of June 27, 2014, Amendment No. 8 thereto dated as of December 19, 2014, Amendment No. 9 thereto dated May 1, 2015, Amendment No. 10 thereto dated as of July 31, 2015 (the credit agreement, as so amended and as otherwise amended, supplemented and modified from time to time, the “Credit Agreement”) among NGL ENERGY PARTNERS LP, a Delaware limited partnership (“Parent”), NGL ENERGY OPERATING LLC, a Delaware limited liability company (“Borrowers’ Agent”), each subsidiary of the Parent identified as a “Borrower” under the Credit Agreement (together with the Borrowers’ Agent, each, a “Borrower” and collectively, the “Borrowers”), DEUTSCHE BANK AG, NEW YORK BRANCH, as technical agent (in such capacity, together with its successors in such capacity, the “Technical Agent”) and DEUTSCHE BANK TRUST COMPANY AMERICAS (“DBTCA”), as administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Collateral Agent”) and each financial institution identified as a “Lender” or an “Issuing Bank” under the Credit Agreement (each, a “Lender” and together with the Technical Agent, the Administrative Agent and the Collateral Agent, the “Secured Parties”).

 

RECITALS

 

WHEREAS, the Borrowers have requested certain amendments to the Credit Agreement; and

 

WHEREAS, the Lenders have agreed to amend the Credit Agreement solely upon the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows:

 

1.             Defined Terms.  Unless otherwise noted herein, terms defined in the Credit Agreement and used herein shall have the respective meanings given to them in the Credit Agreement.

 

2.             Amendments to Section 1.1 (Defined Terms) of the Credit Agreement.  The following terms: “Applicable Commitment Fee Percentage,” “Applicable Margin” and “Maximum Commitment,” as set forth in Section 1.1 of the Credit Agreement are hereby amended as follows:

 

(a)           The definition of “Applicable Commitment Fee Percentage” is hereby amended by deleting the row labelled “Category 5” in its entirety as it appears in the two-column table at the end of such definition and inserting the following in lieu thereof (column headings included for clarity only):

 

	
Leverage Ratio
    	
 
    	
Commitment Fee Percentage
    	
 
    
	
Category 5:
 Less than or equal to 4.50 to 1.00
   but greater than 4.00 to 1.00
    	
 
    	
0.50
    	
%
    
	
Category 6:
 Greater than 4.50 to 1.00
    	
 
    	
0.50
    	
%
    

 

 

(b)           The definition of “Applicable Margin” is hereby amended by deleting the row labelled “Category 5” in its entirety as it appears in the three-column table with column headings “Leverage Ratio” and “Per Annum Percentage for Revolving Credit LIBOR Borrowings” and “Per Annum Percentage for Revolving Credit Alternate Base Rate Borrowings” at the end of such definition and inserting the following in lieu thereof (column headings included for clarity only):

 

	
Leverage Ratio
    	
 
    	
Per Annum Percentage
   for Revolving Credit
   LIBOR Borrowings
    	
 
    	
Per Annum Percentage for
   Revolving Credit Alternate
   Base Rate Borrowings
    	
 
    
	
Category 5:
 Less than or equal to 4.50 to 1.00
   but greater than 4.00 to 1.00
    	
 
    	
2.50
    	
%
    	
1.50
    	
%
    
	
Category 6:
 Greater than 4.50 to 1.00
    	
 
    	
2.75
    	
%
    	
1.75
    	
%
    

 

(c)           The definition of “Maximum Commitment” is hereby amended by deleting the definition in its entirety and inserting in lieu thereof the following:

 

““Maximum Commitment” means $2,746,000,000.”

 

3.             Amendment to Section 1.1 (Defined Terms) of the Credit Agreement.  Section 1.1 of the Credit Agreement is hereby further amended by adding into Section 1.1 of the Credit Agreement the below term as a new defined term in the appropriate alphabetical order:

 

““Amendment No. 11 Effective Date” means December 23, 2015.”

 

4.             Amendment to Section 2.4(c) of the Credit Agreement (Increase in Total Commitments).  Clause (D) of the proviso of Section 2.4(c) of the Credit Agreement is hereby amended by deleting such clause in its entirety and inserting in lieu thereof the following:

 

“(D) the aggregate amount of Facility Increases from the Amendment No. 11 Effective Date until the Termination Date shall not exceed $150,000,000,”

 

5.             Amendments to Section 7.4 (Mergers, Consolidations and Dispositions) of the Credit Agreement.  Section 7.4 of the Credit Agreement is hereby amended by deleting Clauses (6) and (7) thereof in their entities and inserting in lieu thereof the following:

 

“(6)       the Credit Parties may consummate transactions permitted by Sections 7.7, 7.10 and 7.12;

 

(7)         the Credit Parties may consummate Permitted Acquisitions; and

 

(8)         the Parent may issue preferred or additional common Equity Interests to Persons that are not Credit Parties.”

 

6.             Amendments to Section 7.11(a) (Financial Covenants) of the Credit Agreement.  Section 7.11(a) of the Credit Agreement is amended by deleting it in its entirety and inserting in lieu thereof the following:

 

“(a)         Commencing with the fiscal quarter ending June 30, 2012, permit the Leverage Ratio of the Credit Parties to be greater than 4.75 to 1.00 as of the last day of any fiscal quarter”.

 

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7.             Amendment to Section 7.15 (Restrictive Agreements) of the Credit Agreement.  Section 7.15 of the Credit Agreement is hereby amended by adding at the end of clause (i) therein immediately after the phrase “to or by any Credit Party” the following:

 

“; provided that the Parent may agree, in connection with any issuance of preferred Equity Interests in the Parent not prohibited under this Agreement, to restrict or condition the payment of dividends or other distributions on its Equity Interests”.

 

8.             Amendment to Schedule 1.1A of the Credit Agreement (Revolving Credit Commitments).  Schedule 1.1A of the Credit Agreement is hereby amended by deleting such Schedule in its entirety and replacing it with the Schedule 1.1A attached hereto as Annex A.

 

9.             Lenders and Commitment Allocations as of Amendment No. 11 Effective Date.

 

(a)           The parties hereto agree that as of the Amendment No. 11 Effective Date, (i) each Lender’s Commitment and the Total Commitments shall be as reflected on Annex A hereto and (ii) (A) each Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine for the benefit of the other Revolving Lenders as being required in order to cause each Revolving Lender’s portion of the outstanding Loans of all Revolving Lenders under each Facility to equal its Total Commitment Percentage (after giving effect to this Amendment), (B) the Borrowers shall be deemed to have repaid all outstanding Loans of all the Revolving Lenders under each Facility and reborrowed such repaid Loans from each Revolving Lender in amounts consistent with each Lender’s Total Commitment Percentage as of the Amendment No. 11 Effective Date (after giving effect to this Amendment) and (C) the participations in Letters of Credit and Swingline Loans shall be adjusted to reflect changes in the applicable Total Commitment Percentages.  The deemed payments made pursuant to Section 6 in respect of each Eurodollar Loan shall be subject to indemnification by the Borrowers pursuant to the provisions Section 2.13 of the Credit Agreement if the deemed payment occurs other than on an Interest Payment Date; provided, that the Administrative Agent and each Revolving Lender shall cooperate with the Borrowers to reduce and/or eliminate any such indemnification payments to the extent reasonably possible if such cooperation would not subject the Administrative Agent or such Revolving Lender, as applicable, to any unreimbursed cost or expense and would not otherwise be disadvantageous to the Administrative Agent or such Lender.

 

(b)           By execution and delivery of their respective counterparts hereto, the Administrative Agent, the Swingline Lender and each Issuing Bank shall be deemed to have approved as a Lender each Person listed on Annex A hereto as a Lender that was not a Lender prior to the Amendment No. 11 Effective Date.

 

10.          Representations and Warranties; No Default.  To induce the Lenders to enter into this Amendment, each Credit Party that is a party hereto (by delivery of its respective counterpart to this Amendment) hereby (i) represents and warrants to the Administrative Agent and the Lenders that after giving effect to this Amendment, its representations and warranties contained in the Credit Agreement and other Loan Documents are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date); (ii) represents and warrants to the Administrative Agent and the Lenders that in connection with this Amendment and all other documents delivered in connection herewith it (x) has the requisite power and authority to make, deliver and perform the same; (y) has taken all necessary corporate, limited liability company, limited partnership or other action to authorize its execution, delivery and performance of the same, and (z) has duly executed and

 

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delivered the same; and (iii) certifies that no Default or Event of Default has occurred and is continuing under the Credit Agreement (both immediately before and after giving effect to this Amendment) or will result from the making of this Amendment.

 

11.          Conditions to Effectiveness.  This Amendment shall become effective upon the first date on which each of the following conditions has been satisfied:

 

(a)           Amended Loan Documents.  The Administrative Agent shall have received this Amendment executed and delivered by a duly authorized officer of each Credit Party party hereto and duly executed counterparts to this Amendment from the Lenders constituting the Required Lenders.

 

(b)           Fees and Expenses.  The Borrowers shall have paid to the Administrative Agent for the account of the Lenders the amount of any and all reasonable fees, costs and expenses that are for the account of the Borrowers pursuant to Section 10.9 of the Credit Agreement, including all such fees, costs and expenses incurred in connection with this Amendment.

 

(c)           Proceedings and Documents:  All corporate and other proceedings pertaining directly to this Amendment and all documents and instruments directly incident to this Amendment shall be satisfactory to the required Lenders and their counsel and the Technical Agent shall have received all such counterpart originals or certified or other copies of such documents as the Technical Agent may reasonably request.

 

12.          Limited Effect.  Except as expressly provided hereby, all of the terms and provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect.  The amendments contained herein shall not be construed as a waiver or amendment of any other provision of the Credit Agreement or the other Loan Documents or for any purpose, except as expressly set forth herein, or a consent to any further or future action on the part of any Credit Party that would require the waiver or consent of the Lenders.  This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

 

13.          GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAW OF THE STATE OF NEW YORK.

 

14.          Counterparts.  This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart.  Delivery of an executed counterpart hereof by facsimile or email transmission shall be effective as delivery of a manually executed counterpart hereof.

 

15.          Headings.  Section or other headings contained in this Amendment are for reference purposes only and shall not in any way affect the meaning or interpretation of this Amendment.

 

16.          Guarantor Acknowledgement.  Each Guarantor party hereto hereby (i) consents to the modifications to the Credit Agreement contemplated by this Amendment and (ii) acknowledges and agrees that its guaranty pursuant to Section 10.18 of the Credit Agreement is, and shall remain, in full force and effect after giving effect to the Amendment.

 

17.          Lender Acknowledgement.  Each undersigned Lender, by its signature hereto, hereby authorizes and directs DBTCA in its capacity as Administrative Agent and as Collateral Agent to execute this Amendment.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

 

 

	
 
    	
 
    	
BORROWERS’ AGENT:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL ENERGY OPERATING   LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:  Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:    Chief Financial Officer and Treasurer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
GUARANTOR:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL ENERGY PARTNERS LP
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: 
    	
NGL Energy Holdings   LLC,
    
	
 
    	
 
    	
 
    	
its general partner
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:  Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:    Chief Financial Officer and Treasurer
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
CREDIT PARTIES:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ANDREWS OIL   BUYERS, INC.
    
	
 
    	
 
    	
ANTICLINE DISPOSAL, LLC
    
	
 
    	
 
    	
BLUE GRAMA LAND   CORPORATION
    
	
 
    	
 
    	
CENTENNIAL ENERGY, LLC
    
	
 
    	
 
    	
CENTENNIAL GAS LIQUIDS   ULC
    
	
 
    	
 
    	
GRAND MESA PIPELINE,   LLC
    
	
 
    	
 
    	
HICKSGAS, LLC
    
	
 
    	
 
    	
HIGH SIERRA CRUDE   OIL & MARKETING, LLC
    
	
 
    	
 
    	
HIGH SIERRA ENERGY, LP   (BY High Sierra Energy GP, LLC, its general partner)
    
	
 
    	
 
    	
HIGH SIERRA ENERGY   MARKETING, LLC
    
	
 
    	
 
    	
HIGH SIERRA ENERGY   OPERATING, LLC
    
	
 
    	
 
    	
NGL CRUDE CANADA   HOLDINGS, LLC
    
	
 
    	
 
    	
NGL CRUDE CUSHING, LLC
    
	
 
    	
 
    	
NGL CRUDE LOGISTICS,   LLC
    
	
 
    	
 
    	
NGL CRUDE PIPELINES,   LLC
    
	
 
    	
 
    	
NGL CRUDE TERMINALS,   LLC
    
	
 
    	
 
    	
NGL CRUDE   TRANSPORTATION, LLC
    
	
 
    	
 
    	
NGL ENERGY HOLDINGS II,   LLC
    
	
 
    	
 
    	
NGL ENERGY LOGISTICS,   LLC
    
	
 
    	
 
    	
NGL ENERGY OPERATING   LLC
    
	
 
    	
 
    	
NGL LIQUIDS, LLC
    
	
 
    	
 
    	
NGL-MA, LLC
    
	
 
    	
 
    	
NGL-MA REAL ESTATE, LLC
    
	
 
    	
 
    	
NGL MARINE, LLC
    
	
 
    	
 
    	
NGL MILAN INVESTMENTS,   LLC
    
	
 
    	
 
    	
NGL-NE REAL ESTATE, LLC
    
	
 
    	
 
    	
NGL PROPANE, LLC
    
	
 
    	
 
    	
NGL SHIPPING AND   TRADING, LLC
    
	
 
    	
 
    	
NGL SUPPLY TERMINAL   COMPANY, LLC
    
	
 
    	
 
    	
NGL SUPPLY TERMINAL   SOLUTION MINING, LLC
    
	
 
    	
 
    	
NGL SUPPLY WHOLESALE,   LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS   BAKKEN, LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS   EAGLE FORD, LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS,   LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS   PERMIAN, LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS DJ,   LLC
    
	
 
    	
 
    	
NGL WATER SOLUTIONS   MID-CONTINENT, LLC
    
	
 
    	
 
    	
OSTERMAN PROPANE, LLC
    
	
 
    	
 
    	
SAWTOOTH NGL CAVERNS, LLC
    
	
 
    	
 
    	
TRANSMONTAIGNE LLC
    
	
 
    	
 
    	
TRANSMONTAIGNE PRODUCT SERVICES LLC
    
	
 
    	
 
    	
TRANSMONTAIGNE SERVICES LLC
    
	
 
    	
 
    	
TRANSMONTAIGNE GP L.L.C.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:  Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:    Chief Financial Officer and Treasurer
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
SECURED PARTIES:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
DEUTSCHE BANK TRUST   COMPANY AMERICAS, as Administrative Agent and as Collateral Agent
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Jennifer Van Dyne
    
	
 
    	
 
    	
 
    	
Name:  Jennifer Van Dyne
    
	
 
    	
 
    	
 
    	
Title:    Assistant Vice President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Andrew Ball
    
	
 
    	
 
    	
 
    	
Name:  Andrew Ball
    
	
 
    	
 
    	
 
    	
Title:    Vice President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
DEUTSCHE BANK AG, NEW   YORK BRANCH,
    
	
 
    	
 
    	
as a Lender, as   Swingline Lender, as an Issuing Bank and as Technical Agent
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Chris Chapman
    
	
 
    	
 
    	
 
    	
Name:  Chris Chapman
    
	
 
    	
 
    	
 
    	
Title:    Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Shai Bandner
    
	
 
    	
 
    	
 
    	
Name:  Shai Bandner
    
	
 
    	
 
    	
 
    	
Title:    Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
ROYAL BANK OF CANADA,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Evans Swann Jr.
    
	
 
    	
 
    	
 
    	
Name:  Evans Swann Jr.
    
	
 
    	
 
    	
 
    	
Title:    Authorized Signatory
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
BNP PARIBAS,
    
	
 
    	
 
    	
as a Lender and Issuing   Bank
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Matt Worstell
    
	
 
    	
 
    	
 
    	
Name:  Matt Worstell
    
	
 
    	
 
    	
 
    	
Title:    Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Robert J. Smith
    
	
 
    	
 
    	
 
    	
Name:  Robert J. Smith
    
	
 
    	
 
    	
 
    	
Title:    Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
THE BANK OF   TOKYO-MITSUBISHI UFJ, LTD.,
    
	
 
    	
 
    	
as Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Michel Kermarrec 
    
	
 
    	
 
    	
 
    	
Name: Michel Kermarrec
    
	
 
    	
 
    	
 
    	
Title:   Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
PNC BANK, NATIONAL   ASSOCIATION,
    
	
 
    	
 
    	
as a Lender and Issuing   Bank
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Jonathan Luchansky
    
	
 
    	
 
    	
 
    	
Name: Jonathan   Luchansky
    
	
 
    	
 
    	
 
    	
Title:   Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
THE ROYAL BANK OF   SCOTLAND PLC,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
BMO HARRIS BANK N.A,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
RAYMOND JAMES BANK,   N.A.,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Scott G. Axelrod
    
	
 
    	
 
    	
 
    	
Name: Scott G. Axelrod
    
	
 
    	
 
    	
 
    	
Title:   Senior Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
ABN AMRO CAPITAL USA   LLC,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Urvashi Zutshi
    
	
 
    	
 
    	
 
    	
Name: Urvashi Zutshi
    
	
 
    	
 
    	
 
    	
Title:   Managing Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Casey Lowary
    
	
 
    	
 
    	
 
    	
Name: Casey Lowary
    
	
 
    	
 
    	
 
    	
Title:   Executive Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
BANK OF AMERICA, N.A.,
    
	
 
    	
 
    	
as a Lender and as an   Issuing Bank
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Michael Clayborne
    
	
 
    	
 
    	
 
    	
Name: Michael Clayborne
    
	
 
    	
 
    	
 
    	
Title:   Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
SUNTRUST BANK,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Carmen Malizia
    
	
 
    	
 
    	
 
    	
Name: Carmen Malizia
    
	
 
    	
 
    	
 
    	
Title:    Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
UBS AG, STAMFORD   BRANCH,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Houssem Daly
    
	
 
    	
 
    	
 
    	
Name: Houssem Daly
    
	
 
    	
 
    	
 
    	
Title:   Associate Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Craig Pearson
    
	
 
    	
 
    	
 
    	
Name: Craig Pearson
    
	
 
    	
 
    	
 
    	
Title:   Associate Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
COMMERCE BANK, N.A.,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Shannon O’Doherty
    
	
 
    	
 
    	
 
    	
Name: Shannon O’Doherty
    
	
 
    	
 
    	
 
    	
Title:   President — Oklahoma
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
AMEGY BANK NATIONAL   ASSOCIATION,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
GOLDMAN SACHS BANK USA,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Ryan Durkin
    
	
 
    	
 
    	
 
    	
Name: Ryan Durkin
    
	
 
    	
 
    	
 
    	
Title:    Authorized Signatory
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
MACQUARIE BANK LIMITED,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Robert Trevena
    
	
 
    	
 
    	
 
    	
Name: Robert Trevena
    
	
 
    	
 
    	
 
    	
Title:    Division Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Amber Riley
    
	
 
    	
 
    	
 
    	
Name: Amber Riley
    
	
 
    	
 
    	
 
    	
Title:    Division Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
HSBC BANK USA, NA,
    
	
 
    	
as a Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
KEYBANK NATIONAL   ASSOCIATION,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ George E. McKean
    
	
 
    	
 
    	
 
    	
Name: George E. McKean
    
	
 
    	
 
    	
 
    	
Title:    Senior Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
WELLS FARGO BANK,   NATIONAL ASSOCIATION,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Jacob L. Osterman
    
	
 
    	
 
    	
 
    	
Name: Jacob L. Osterman
    
	
 
    	
 
    	
 
    	
Title:    Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
BARCLAYS BANK PLC,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ May Huang
    
	
 
    	
 
    	
 
    	
Name:  May Huang
    
	
 
    	
 
    	
 
    	
Title:     Assistant Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
SOCIÉTÉ GÉNÉRALE
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Michiel van der   Voort
    
	
 
    	
 
    	
 
    	
Name: Michiel van der   Voort
    
	
 
    	
 
    	
 
    	
Title:   Managing Director
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
TORONTO DOMINION   (TEXAS) LLC,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Savo Bozic
    
	
 
    	
 
    	
 
    	
Name:  Savo Bozic
    
	
 
    	
 
    	
 
    	
Title:    Authorized Signatory
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
MIZUHO BANK, LTD.,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Donna DeMagistris
    
	
 
    	
 
    	
 
    	
Name:  Donna DeMagistris
    
	
 
    	
 
    	
 
    	
Title:    Authorized Signatory
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
CITIZENS BANK, N.A.,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Scott Donaldson
    
	
 
    	
 
    	
 
    	
Name:  Scott Donaldson
    
	
 
    	
 
    	
 
    	
Title:     Senior Vice President
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

 

 

	
 
    	
 
    	
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
    
	
 
    	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Nupur Kumar
    
	
 
    	
 
    	
 
    	
Name:  Nupur Kumar
    
	
 
    	
 
    	
 
    	
Title:    Authorized Signatory
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ Warren Van Heyst
    
	
 
    	
 
    	
 
    	
Name:  Warren Van Heyst
    
	
 
    	
 
    	
 
    	
Title:     Authorized Signatory
    

 

[Signature Page to Amendment No. 11 to Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]