On April 13, 2012, Inergy, L.P. (the "Partnership") entered into Consent and Amendment No. 3 (the "Amendment") with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto, which amends the Partnership's existing amended and restated credit agreement, dated as of February 2, 2011 (the "Credit Agreement"). The Amendment, among other things,
(i) permits the Partnership to sell up to 5,000,000 Inergy Midstream, L.P. common units, (ii) permits the Partnership to sell all of the assets or capital stock of US Salt, LLC pursuant to which US Salt, LLC will be released as a subsidiary guarantor under the credit agreement, (iii) decreases the Aggregate Revolving Commitment and General Partnership Commitment (as defined in the Credit Agreement) from $700 million to $550 million, and (iv) adjusts several of the financial covenants.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

(c) Exhibits.

Exhibit Number                                  Description
     10.1              Consent and Amendment No. 3 to Amended and Restated Credit
                       Agreement among Inergy, L.P., JPMorgan Chase Bank, N.A., as
                       administrative agent, and the other lenders party thereto.