FERRELLGAS PARTNERS FINANCE CORP: debt financing — Ferrellgas issues $650M 9.250% senior notes due 2031, refinances 2026 notes, expands credit facility to $350M

FERRELLGAS PARTNERS FINANCE CORP

Issued $650M of 9.250% Senior Notes due 2031 at par; net proceeds ~$637.5M used to redeem all $650M of 5.375% Notes due 2026.
Seventh Amendment to credit agreement extends maturity to Oct 2028, increases max borrowing to $350M with $50M accordion.
Notes are unsecured senior obligations, guaranteed by Ferrellgas Inc. and subsidiaries; interest payable semi-annually at 9.250%.
CEO Tamria Zertuche: refinancing addresses near-term maturities and strengthens balance sheet for strategic growth.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FERRELLGAS PARTNERS FINANCE CORP amended credit facility of $350 million with JPMorgan Chase Bank, N.A. maturing October 2028.

Instrument: credit facility
Principal: $350 million
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: October 2028
Event: amendment

Exact text from the filing

extends the maturity of the Credit Agreement to October 2028 and increases the maximum amount available for borrowing under the Credit Agreement to $350 million

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FERRELLGAS PARTNERS FINANCE CORP incurred senior notes of $650,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% per annum maturing January 15, 2031.

Instrument: senior notes
Principal: $650,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.250% per annum
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

On October 27, 2025, Ferrellgas, L.P. (the “Company”) and Ferrellgas Finance Corp. (“Finance Corp.” and, together with the Company, the “Issuers”), subsidiaries of Ferrellgas Partners, L.P., issued and sold $650,000,000 aggregate principal amount of 9.250% Senior Notes due 2031

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Source: SEC EDGAR

accession 0001104659-25-102643

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