NGL Energy Partners (NGL) raised about $270 million in cash proceeds through sales of non-core assets, including its previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal, the company said Monday.
The asset sales also included the company's Rack Marketing refined products business, its Limestone Ranch ownership and its remaining crude rail car fleet.
The company said it plans to redirect the capital to improving the capital structure.
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