UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 429, 2016

Niska Gas Storage Partners LLC (Exact name of registrant as specified in its charter)

Delaware (~~Exact~~State ~~name~~or other jurisdiction of ~~registrant~~incorporation asor ~~specified~~organization) in001-34733 ~~its~~(Commission ~~charter~~File Number) 27-1855740 (I.R.S. Employer Identification No.)

~~Delaware~~170 ~~(State~~Radnor orChester ~~other~~Road, ~~jurisdiction~~Suite 150 ofRadnor, ~~incorporation~~PA or19087 (Address ~~organization)~~of ~~001-34733~~principal ~~(Commission~~executive ~~File Number~~office) ~~27-1855740~~ (~~IRS~~Zip ~~Employer Identification No.~~Code)

170 Radnor Chester Road, Suite 170 Radnor, PA 19087

(Address of principal executive office) (Zip Code)

(484) 367-7432
(Registrants’ telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.0201. ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

On February 429, 2016, Niska Gas Storage Partners LLC (the “Company”) ~~issued~~entered ainto ~~news~~Amendment ~~release~~No. 1 ~~announcing~~to ~~its~~Amended & ~~financial~~Restated ~~results~~Credit ~~for~~Agreement ~~its~~(the ~~fiscal~~“Revolving ~~third~~Amendment”) ~~quarter~~to ~~ended~~the ~~December~~Amended 31& Restated Credit Agreement (the “Revolving Credit Agreement”), ~~2015~~dated as of June 29, 2012, with Royal Bank of Canada as Administrative Agent and Collateral Agent, and the lenders party thereto. APursuant ~~copy~~to ofthe Revolving Amendment, the ~~press~~Revolving ~~release~~Credit isAgreement ~~furnished~~permits the Company and ~~attached~~its subsidiaries to grant security interests over their assets to the lenders under the Credit Agreement (the “Term Credit Agreement”), dated as ~~Exhibit~~of July ~~99.1~~28, ~~hereto~~2015, with Swan Finance LP as Administrative Agent and isCollateral ~~incorporated~~Agent, ~~herein~~and bythe ~~reference~~lenders party thereto. ~~The~~In ~~information~~addition, among other things, the Revolving Amendment: (i) permits the acquisition of the Company by Swan Holdings LP (the “Acquisition”) without resulting in ~~Exhibit~~a change of control under the Revolving Credit Agreement; (ii) ~~99.1~~reduces isthe ~~being~~aggregate ~~furnished~~commitments ~~pursuant~~under the Revolving Credit Agreement from $400 million to ~~this~~$320 ~~Item~~million 2immediately; (iii) extends the maturity date from June 29, 2016 to the earlier to occur of: (x) September 30, 2016 (or, if the borrowers have provided written notice to the Administrative Agent on or prior to September 16, 2016 that the Acquisition has closed, December 31, 2016); and (y) the maturity date under the Term Credit Agreement; (iv) reduces the letter of credit sublimit to $75 million; (v) reduces each of the Canadian and US swing line sublimits to $10 million; and (vi) increases the applicable margin on the Company’s loans by 1% to the extent the borrowers’ total leverage ratio equals or exceeds 5.0200:1.00.

InThe ~~accordance~~foregoing ~~with~~description ~~General Instruction B.2~~ of ~~Form 8-K,~~ the ~~information~~Revolving ~~set~~Amendment ~~forth~~is inqualified ~~this Item 2.02 and~~ in ~~Exhibit 99.1~~its ~~shall~~entirety ~~not~~by bereference ~~deemed~~ to ~~be “filed” for purposes of Section 18 of~~ the ~~Securities~~full ~~Exchange~~text ~~Act~~ of ~~1934, as amended (~~the ~~“Exchange Act”)~~amendment, orwhich ~~otherwise~~is ~~subject~~attached toas ~~the~~Exhibit 10.1 ~~liabilities of that section, unless Niska Gas Storage Partners LLC specifically states that the information is~~ to bethis ~~considered~~Current ~~“filed”~~Report ~~under~~on ~~the~~Form 8-K ~~Exchange~~and ~~Act~~incorporated orin ~~incorporates~~this itItem 1.01 by reference ~~into a filing under the Exchange Act or the Securities Act of 1933, as amended~~.

~~Item~~Also, 9on February 29, 2016, the Company entered into Amendment No.01 1 ~~Financial~~to ~~Statements~~the Term Credit Agreement (the “Term Amendment” and ~~Exhibits~~together with the Revolving Amendment, the “Amendments”). Pursuant to the Term Amendment, the Company’s obligations under the Term Credit Agreement are secured by substantially all of the assets of the Company and its subsidiaries that guarantee the obligations under its Revolving Credit Agreement. In addition, the Term Amendment terminates the guarantee of the Company’s obligations under the Term Credit Agreement by its parent, Niska Sponsor Holdings Coöperatief U.A. (“Sponsor Holdings”), and the pledge by Sponsor Holdings over its equity interests in the Company and Niska Gas Storage Management LLC.

~~(d) Exhibits~~Both Amendments also incorporate a cross-default provision to any event of default under the Revolving Credit Agreement or the Term Credit Agreement, as applicable.

~~99.1 Press~~In ~~Release~~connection ofwith ~~Niska~~the ~~Gas~~Amendments, ~~Storage~~on ~~Partners LLC dated~~ February 429, 2016, the Company and its subsidiaries entered into the Intercreditor Agreement (the “Intercreditor Agreement”) with Royal Bank of Canada as Senior Priority Agent and Swan Finance LP as Junior Priority Agent. The Intercreditor Agreement governs the relationship among the lenders under the Revolving Credit Agreement and the Term Credit Agreement with respect to the shared collateral.

1Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

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

~~Pursuant~~Item to9.01. ~~the~~Financial ~~requirements~~Statements ofand ~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized~~Exhibits.

	NISKA GAS STORAGE PARTNERS LLC
Dated: February 4, 2016	By:	/s/ Jason A. Dubchak
		Name:	Jason A. Dubchak
		Title:	Vice President, General Counsel and Corporate Secretary

(d) Exhibits.

Exhibit No.		Description of Exhibit

10.1		Amendment No. 1 to Amended & Restated Credit Agreement, dated as of February 29, 2016, by and among Niska Gas Storage US, LLC and AECO Gas Storage Partnership, as borrowers, the other loan parties party thereto, Royal Bank of Canada, as administrative agent, and the lenders party thereto.

~~EXHIBIT INDEX~~2

Exhibit No.		Exhibit
99.1		Press Release of Niska Gas Storage Partners LLC dated February 4, 2016

SIGNATURES

3Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	NISKA GAS STORAGE PARTNERS LLC


Dated: March 1, 2016	By:	/s/ Jason A. Dubchak
		Name:	Jason A. Dubchak
		Title:	Vice President, General Counsel and
			Corporate Secretary

EXHIBIT INDEX

Exhibit No.		Description of Exhibit

10.1		Amendment No. 1 to Amended & Restated Credit Agreement, dated as of February 29, 2016, by and among Niska Gas Storage US, LLC and AECO Gas Storage Partnership, as borrowers, the other loan parties party thereto, Royal Bank of Canada, as administrative agent, and the lenders party thereto.

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