Ngpl pipeco llc announces that it has commenced consent solicitations with respect to its 4.875% senior notes due 2027 and 3.250% senior notes due 2031

New york , march 31, 2025 /prnewswire/ -- ngpl pipeco llc, a delaware limited liability company (the "company"), has announced that it has commenced solicitations of consents (each, a "consent solicitation") from holders ("holders") of the company's 4.875% senior notes due 2027 (the "2027 notes") and 3.250% senior notes due 2031 (the "2031 notes" and, together with the 2027 notes, the "notes" and each a "series of notes") to certain amendments (the "proposed amendments") to the indenture, dated as of august 1, 2017, relating to the 2027 notes (the "2027 notes indenture"), by and between the company and u.s. bank national association ("u.s. bank"), as trustee, as amended and supplemented to date, and the indenture, dated as of may 14, 2021, relating to the 2031 notes (the "2031 notes indenture" and, together with the 2027 notes indenture, each, an "indenture" and collectively, the "indentures"), by and between the company and u.s. bank, as trustee, as amended and supplemented to date. the consent solicitation with respect to each series of notes is being conducted in connection with the previously announced transaction (the "transaction") pursuant to which brookfield infrastructure us holdings i, a delaware corporation, agreed to sell entities that hold its entire 25.0% interest in ngpl holdings llc ("ngpl holdings"), the company's indirect parent company, to one or more funds controlled by arclight capital partners, llc ("arclight").
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