trending Market Intelligence /marketintelligence/en/news-insights/trending/yY8a0w0yqNqxdgHGiTLDMQ2 content esgSubNav
In This List

Ferrellgas prices senior notes private placement, upsized to $175M

Video

See the Big Picture: Energy Transition in 2024

Podcast

IR in Focus | Episode 10: Capital Markets Outlook

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Blog

The Big Picture: 2024 Energy Transition Industry Outlook


Ferrellgas prices senior notes private placement, upsized to $175M

Ferrellgas Partners LP priced its private placement of 8.625% senior notes due 2020, upsized to $175 million from $150 million, at 96% of par plus accrued interest from Dec. 15, 2016.

The senior notes in the private placement are a further issuance of the same senior notes issued April 13, 2010, which has $182 million still outstanding. Both the old and new notes would be treated as a single series.

Net proceeds from the offering would be used to repay borrowings under its operating partnership's secured credit facility, according to a Jan. 24 news release. The private placement is scheduled to close Jan. 30.