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Ferrellgas closes private placement of senior notes at $164.2M in net proceeds

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Ferrellgas closes private placement of senior notes at $164.2M in net proceeds

Ferrellgas Partners LP closed its private placement of $175 million of 8.625% senior notes due 2020, garnering net proceeds of about $164.2 million.

The partnership used the proceeds to repay debt under its operating partnership's secured credit facility, according to a Jan. 30 news release.