Ferrellgas, L.P. Announces Pricing of Senior Notes Offering
Ferrellgas, L.P. (OTC: FGPR) priced an offering of $650.0 million aggregate principal amount of 9.250% senior notes due 2031, at 100% of principal. The offering is expected to close on or about October 27, 2025, subject to customary closing conditions.
The Notes will be senior obligations guaranteed on a senior unsecured basis by Ferrellgas, Inc. and existing and future subsidiaries (with exceptions). Net proceeds, together with cash on hand, are intended to redeem the Issuers’ 5.375% Senior Notes due 2026, conditioned on closing and an amendment to the company’s revolving credit agreement. The Notes are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
Ferrellgas, L.P. (OTC: FGPR) ha offerto un emissione di 650,0 milioni di dollari di importo principale aggregato di note senior 9,250% con scadenza 2031, al 100% del capitale. L'offerta dovrebbe chiudersi indicativamente il 27 ottobre 2025, soggetta alle condizioni di chiusura abituali.
Le note saranno obbligazioni senior non garantite garantite da Ferrellgas, Inc. e dalle controllanti esistenti e future (con eccezioni). I proventi netti, insieme alla liquidità disponibile, sono destinati a rimborsare le Senior Notes 5,375% a scadenza 2026 degli Emittenti, condizionato al closing e a una modifica all'accordo di revolving credit della società. Le note sono offerte a qualified institutional buyers in base alla Rule 144A e a persone non statunitensi ai sensi del Regulation S.
Ferrellgas, L.P. (OTC: FGPR) ofreció una emisión de 650,0 millones de dólares en importe principal agregado de notas senior 9,250% con vencimiento en 2031, al 100% del principal. Se espera que la oferta cierre aproximadamente el 27 de octubre de 2025, sujeta a las condiciones de cierre habituales.
Las Notas serán obligaciones senior garantizadas en base senior no garantizadas por Ferrellgas, Inc. y las subsidiarias existentes y futuras (con excepciones). Los ingresos netos, junto con el efectivo disponible, se destinarán a canjear las Senior Notes 5,375% vencimiento 2026 de los Emisores, condicionado al cierre y a una enmienda al acuerdo de crédito revolvente de la empresa. Las Notas se ofrecen a compradores institucionales calificados conforme a la Regla 144A y a personas no estadounidenses conforme a la Regulación S.
Ferrellgas, L.P. (OTC: FGPR)은 9.250% 2031년 만기 Senior Notes의 총 principal 금액 6억 5천만 달러를 100%의 액면가로 발행했습니다. 이번 발행은 대략 2025년 10월 27일 경에 마감될 예정이며, 일반적인 마감 조건에 따릅니다.
이 노트는 Ferrellgas, Inc. 및 기존 및 향후 자회사들에 의해 선순위 무담보 보증으로 간주되는 의무입니다(예외 있음). 순수익은 현금 보유와 함께 발행사가 2026년 만기 5.375% Senior Notes를 상환하는 데 사용될 예정이며, 마감 및 회사의 회전 신용계약 수정 조건에 좌우됩니다. 이 노트는 Rule 144A에 따라 자격 있는 기관투자자와 Reg S에 따라 비미국인 투자자에게 제공됩니다.
Ferrellgas, L.P. (OTC: FGPR) a placé une émission d'un montant principal aggregate de 650,0 millions de dollars de notes senior 9,250% en 2031, au pair. L'offre devrait se clôturer aux alentours du 27 octobre 2025, sous réserve des conditions de clôture habituelles.
Les Obligations seront des obligations seniors non garanties garanties sur une base senior par Ferrellgas, Inc. et les filiales existantes et futures (avec des exceptions). Les produits nets, avec les liquidités disponibles, visent à racheter les Senior Notes 5,375% échues en 2026 des Emittents, sous condition de clôture et d'un amendement à l'accord de crédit renouvelable de la société. Les Obligations sont offertes à des acheteurs institutionnels qualifiés conformément à la Rule 144A et à des personnes non américaines conformément au Regulation S.
Ferrellgas, L.P. (OTC: FGPR) hat ein Angebot über 650,0 Mio. USD aggregierte Nennbeträge von 9,250% Senior Notes fällig 2031 zu 100% des Nennbetrags aufgelegt. Die Emission soll voraussichtlich am oder um den 27. Oktober 2025 abgeschlossen werden, vorbehaltlich üblicher Abschlussbedingungen.
Die Notes werden als senior obligations angesehen, die von Ferrellgas, Inc. und bestehenden sowie zukünftigen Tochtergesellschaften (mit Ausnahmen) auf einer senior unsecured Basis garantiert werden. Die Nettoerlöse zusammen mit liquiden Mitteln sollen dazu verwendet werden, die 5,375% Senior Notes fällig 2026 der Emittenten zu tilgen, bedingt durch den Abschluss und eine Änderung des revolvierenden Kreditabkommens des Unternehmens. Die Notes werden an qualified institutional buyers gemäß Rule 144A und an Nicht-US-Personen gemäß Regulation S angeboten.
Ferrellgas, L.P. (OTC: FGPR) طرحت عرضاً لإصدار إجمالي قدره 650.0 مليون دولار من سندات ربحية عُليا 9.250% مستحقة في 2031 وبسعر 100% من القيمة الاسمية. من المتوقع أن تنغلق الصفقة في أو حوالي 27 أكتوبر 2025، مع مراعاة شروط الإغلاق المعتادة.
ستكون السندات بموجبها التزامات عُليا غير مضمونة مكفولة من قِبل Ferrellgas, Inc. والشركات التابعة القائمة واللاحقة (مع استثناءات). وتُستخدم العوائد الصافية، إلى جانب النقد النقدي المتاح، لإعادة شراء سندات ربحية عُليا بنسبة 5.375% تستحق 2026 الخاصة بالجهة المصدرة، رهن الإغلاق وتعديل لاتفاق الائتمان القابل للالتفاف بالشركة. تُعرض السندات للمشترين المؤسساتيين المؤهلين وفق Rule 144A ولأشخاص غير أمريكيين وفق Regulation S.
Ferrellgas, L.P. (OTC: FGPR) 定价发售总额为 6.5亿美元的 9.250% 2031 年到期的高级无担保票据，票面金额按本金的100%发行。此次发行预计将于大约 2025年10月27日 完成，须符合常规的成交条件。
这些票据将是由 Ferrellgas, Inc. 及现有和未来子公司在高级无担保基础上的担保的高级义务（有例外）。净募集资金与手头现金将用于偿还发行人 5.375% 2026 年到期的高级票据，条件是交易完成及对公司循环信贷协议的修订。票据面向合格机构买家根据 Rule 144A 和面向 Reg S 的非美国个人发行。
- Proceeds of $650.0M offering to fund debt refinancing
- Extends debt maturity to 2031 from 2026
- Notes guaranteed by parent and subsidiaries (senior unsecured)
- New coupon of 9.250% versus existing 5.375% increases interest cost
- Redemption of 2026 notes conditioned on credit agreement amendment
- Offering limited to qualified institutional buyers and non-U.S. persons
LIBERTY, Mo., Oct. 17, 2025 (GLOBE NEWSWIRE) -- Ferrellgas, L.P. (the “Company”) and its wholly-owned subsidiary Ferrellgas Finance Corp. (together with the Company, the “Issuers”) announced today that the Issuers priced an offering of
The Notes will be senior obligations of the Issuers and will be guaranteed on a senior unsecured basis by Ferrellgas, Inc., and each existing and future subsidiary of the Company, subject to certain exceptions. The Issuers intend to use the net proceeds received from the offering of the Notes, together with cash on hand, to redeem all of the Issuers’
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, the 2026 Notes or any other securities, nor shall there be any offer or sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful. This press release does not constitute a notice of redemption under the indenture governing the 2026 Notes.
About Ferrellgas
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico.
Cautionary Notes Regarding Forward Looking Statements
Statements included in this release concerning current estimates, expectations, projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are forward-looking statements as defined under federal securities laws. These statements often use words such as “anticipate,” “believe,” “intend,” “plan,” “projection,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” or the negative of those terms or other variations of them or comparable terminology. A variety of known and unknown risks, uncertainties and other factors could cause results, performance, and expectations to differ materially from anticipated results, performance, and expectations, including the effect of weather conditions on the demand for propane; the prices of wholesale propane, motor fuel and crude oil; disruptions to the supply of propane; competition from other industry participants and other energy sources; energy efficiency and technology advances; significant delays in the collection of accounts or notes receivable; customer, counterparty, supplier or vendor defaults; changes in demand for, and production of, hydrocarbon products; inherent operating and litigation risks in gathering, transporting, handling and storing propane; costs of complying with, or liabilities imposed under, environmental, health and safety laws; the impact of pending and future legal proceedings; the interruption, disruption, failure or malfunction of our information technology systems including due to cyber-attack; economic and political instability, particularly in areas of the world tied to the energy industry, including the ongoing conflicts between Russia and Ukraine and in the Middle East; disruptions in the capital and credit markets, related to the evolving global tariff environment or otherwise; and access to available capital to meet our operating and debt-service requirements; and the anticipated completion of a refinancing. These risks, uncertainties, and other factors also include those discussed in the Annual Report on Form 10 K of Ferrellgas Partners, L.P., Ferrellgas, L.P., Ferrellgas Partners Finance Corp., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2025, and in other documents filed from time to time by these entities with the Securities and Exchange Commission. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this release are made only as of the date hereof. Ferrellgas disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.
Contacts Investor Relations – InvestorRelations@ferrellgas.com
FAQ
What did Ferrellgas (FGPR) announce on October 17, 2025?
How will the FGPR notes proceeds be used?
When will the new FGPR senior notes close and who can buy them?
Does the FGPR refinancing change debt maturity?
What is a key conditional requirement for redeeming FGPR 2026 notes?
