SECOND SUPPLEMENTAL INDENTURE
Exhibit 4.28
SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE, dated as of December 1, 2014 (this “Supplemental Indenture”), among NGL Energy Partners LP, a Delaware limited partnership (“NGL LP”), NGL Energy Finance Corp., a Delaware corporation (“Finance Corp.,” and, together with NGL LP, the “Issuers”) and NGL Milan Investments, LLC, a Colorado limited liability company, and NGL Water Solutions Mid-Continent, LLC, a Colorado limited liability company, each a subsidiary of NGL LP (together, the “Guaranteeing Subsidiaries” and each, a “Guaranteeing Subsidiary”), the other Guarantors (as defined in the Indenture referred to herein), and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).
WHEREAS, the Issuers and certain subsidiaries of NGL LP have heretofore executed and delivered to the Trustee the First Supplemental Indenture, dated as of July 31, 2014 (the “First Supplemental Indenture”), pursuant to which certain subsidiaries of NGL LP became Guarantors;
WHEREAS, the Original Indenture as amended and supplemented by the First Supplemental Indenture, is referred to herein as the “Indenture”;
WHEREAS, the Indenture provides that under certain circumstances, a Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, partner, employee, incorporator, organizer, manager, unitholder or other owner of Capital Stock (as defined in the Indenture) of any Guaranteeing Subsidiary or agent thereof, as such, shall have any liability for any obligations of the Issuers, the Guarantors, or any Guaranteeing Subsidiary or any other Subsidiary of an Issuer providing a Note Guarantee under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.
5. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.
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NGL WATER SOLUTIONS MID-CONTINENT, LLC | ||
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NGL MILAN INVESTMENTS, LLC | ||
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By: |
/s/ Xxxxxx X. Xxxxxxxx | |
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Name: Xxxxxx X. Xxxxxxxx | |
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Title: |
Executive Vice President, Chief Financial Officer and Treasurer |
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ISSUERS: | ||
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NGL ENERGY PARTNERS LP | ||
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By: |
NGL Energy Holdings, LLC, | |
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its general partner | |
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By: |
/s/ Xxxxxx X. Xxxxxxxx | |
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Name: Xxxxxx X. Xxxxxxxx | |
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Title: |
Executive Vice President, Chief Financial Officer and Treasurer |
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NGL ENERGY FINANCE CORP. | ||
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By: |
/s/ Xxxxxx X. Xxxxxxxx | |
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Name: Xxxxxx X. Xxxxxxxx | |
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Title: |
Senior Vice President, Chief Financial Officer and Secretary |
(Signature Page to Second Supplemental Indenture)
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EXISTING GUARANTORS: | ||
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NGL ENERGY OPERATING LLC | ||
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NGL LIQUIDS, LLC | ||
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HICKSGAS, LLC | ||
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NGL PROPANE, LLC | ||
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NGL SUPPLY TERMINAL COMPANY, LLC | ||
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NGL SUPPLY WHOLESALE, LLC | ||
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XXXXXXXX PROPANE, LLC | ||
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NGL-NE REAL ESTATE, LLC | ||
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NGL-MA REAL ESTATE, LLC | ||
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NGL-MA, LLC | ||
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NGL CRUDE LOGISTICS, LLC | ||
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NGL ENERGY HOLDINGS II, LLC | ||
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NGL ENERGY LOGISTICS, LLC | ||
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NGL CRUDE XXXXXXX, LLC | ||
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NGL CRUDE PIPELINES, LLC | ||
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NGL SHIPPING AND TRADING, LLC | ||
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ANTICLINE DISPOSAL, LLC | ||
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CENTENNIAL ENERGY, LLC | ||
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CENTENNIAL GAS LIQUIDS ULC | ||
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HIGH SIERRA CRUDE OIL & MARKETING, LLC | ||
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NGL WATER SOLUTIONS DJ, LLC | ||
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XXXXXXX OIL BUYERS, INC. | ||
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NGL MARINE, LLC | ||
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NGL WATER SOLUTIONS EAGLE FORD, LLC | ||
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NGL WATER SOLUTIONS, LLC | ||
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NGL CRUDE CANADA HOLDINGS, LLC | ||
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NGL WATER SOLUTIONS PERMIAN, LLC | ||
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NGL CRUDE TRANSPORTATION, LLC | ||
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By: |
/s/ Xxxxxx X. Xxxxxxxx | |
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Name: Xxxxxx X. Xxxxxxxx | |
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Title: |
Executive Vice President, Chief Financial Officer and Treasurer |
(Signature Page to Second Supplemental Indenture)
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TRANSMONTAIGNE INC. | |
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TRANSMONTAIGNE PRODUCT SERVICES INC. | |
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TRANSMONTAIGNE SERVICES INC. | |
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TRANSMONTAIGNE GP, LLC | |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Name: Xxxxxx X. Xxxxxxxx | |
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Title: Vice President | |
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HIGH SIERRA ENERGY OPERATING, LLC | |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Name: Xxxxxx X. Xxxxxxxx |
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Title: Chief Financial Officer |
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HIGH SIERRA ENERGY LP | |
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By: |
High Sierra Energy GP, LLC, |
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its general partner |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Name: Xxxxxx X. Xxxxxxxx |
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Title: Chief Financial Officer |
(Signature Page to Second Supplemental Indenture)
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TRUSTEE: | |
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U.S. BANK NATIONAL ASSOCIATION, as Trustee | |
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By: |
/s/ Xxxxxx Xxxx |
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Name: Xxxxxx Xxxx |
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Title: Vice President |
(Signature Page to Second Supplemental Indenture)