Ferrellgas, L.P. Announces Proposed Senior Notes Offering
Ferrellgas (OTC:FGPR) announced an intended offering of $650.0 million aggregate principal amount of senior notes due 2031, subject to market conditions.
The Issuers plan to use net proceeds, together with cash on hand, to redeem all of their 5.375% senior notes due 2026. The redemption is conditioned on completion of the proposed offering and an amendment to the credit agreement governing the company’s revolving credit facility.
The new notes will be senior obligations, guaranteed on a senior unsecured basis by Ferrellgas and its subsidiaries. The notes will be sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons in compliance with Regulation S, and they will not be registered under the Securities Act.
Ferrellgas (OTC:FGPR) anunció una oferta prevista de $650.0 millones en monto principal agregado de notas senior con vencimiento en 2031, sujeta a condiciones de mercado.
Los Emisores planean usar los ingresos netos, junto con el efectivo disponible, para redimir la totalidad de sus notas senior del 5.375% vencimiento 2026. La redención está condicionada a la realización de la oferta propuesta y a una enmienda al acuerdo de crédito que rige la facilidad de crédito revolvente de la empresa.
Las nuevas notas serán obligaciones senior, garantizadas de forma senior no asegurada por Ferrellgas y sus filiales. Las notas se venderán únicamente a compradores institucionales calificados conforme a la Regla 144A y a personas no estadounidenses de conformidad con el Reglamento S, y no estarán registradas bajo la Ley de Valores.
Ferrellgas (OTC:FGPR) anunció una oferta prevista de $650.0 millones en monto principal agregado de notas senior con vencimiento en 2031, sujeta a condiciones de mercado.
Los Emisores planean usar los ingresos netos, junto con el efectivo disponible, para redimir la totalidad de sus notas senior del 5,375% vencimiento 2026. La redención está condicionada a la realización de la oferta propuesta y a una enmienda al acuerdo de crédito que rige la facilidad de crédito revolvente de la empresa.
Las nuevas notas serán obligaciones senior, garantizadas de forma senior no asegurada por Ferrellgas y sus filiales. Las notas se venderán únicamente a compradores institucionales calificados conforme a la Regla 144A y a personas no estadounidenses de conformidad con el Reglamento S, y no estarán registradas bajo la Ley de Valores.
Ferrellgas (OTC:FGPR)는 2031년 만기의 우선채권 총액 $650.0백만의 발행을 시장 상황에 따라 예정했다고 발표했습니다.
발행사는 순수익을 현금 보유액과 함께 사용해 2026년 만기 5.375% 우선채권을 전액 상환할 계획입니다. 상환은 제안된 발행의 완료 및 회사의 순환신용설비를 지배하는 신용계약의 수정에 달려 있습니다.
새 채권은 Ferrellgas 및 자회사들에 의해 1차 무담보 보증되는 우선 채무가 될 것이며, 채권은 규칙 144A에 따라 적격기관투자자에게만, Reg S에 따라 비미국인에게도 판매되며 증권법에 따라 등록되지 않습니다.
Ferrellgas (OTC:FGPR) a annoncé une émission prévue d’un montant principal agrégé de 650,0 millions de dollars en obligations seniors arrivant à échéance en 2031, sous réserve des conditions du marché.
Les Émetteurs prévoient d’utiliser le produit net, avec les liquidités disponibles, pour racheter toutes leurs obligations seniors de 5,375 % arrivant à échéance en 2026. Le rachat est conditionné à la réalisation de l’offre proposée et à un amendement de l’accord de crédit régissant la facilité de crédit revolvante de la société.
Les nouvelles obligations seront des obligations seniors, garanties sur une base non garantie par Ferrellgas et ses filiales. Les obligations seront vendues uniquement à des acheteurs institutionnels qualifiés en vertu de la Rule 144A et à des personnes non américaines conformes au Reg S, et elles ne seront pas enregistrées en vertu du Securities Act.
Ferrellgas (OTC:FGPR) kündigte eine vorgesehene Emission von 650,0 Millionen US-Dollar in Form von senior notes mit Fälligkeit 2031 an, vorbehaltlich der Marktbedingungen.
Die Emittenten beabsichtigen, die Nettogewinne zusammen mit vorhandenen Barmitteln zu verwenden, um alle ihre 5,375% Senior Notes fällig 2026 zurückzuzahlen. Die Rückzahlung ist abhängig vom Abschluss des vorgeschlagenen Angebots und einer Änderung der Kreditvereinbarung, die die revolvierende Kreditfazilität des Unternehmens regelt.
Die neuen Anleihen werden seniorverpflichtungen sein, die von Ferrellgas und seinen Tochtergesellschaften unbesichert garantiert werden. Die Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Rule 144A und an Nicht-US-Personen gemäß Regulation S verkauft und nicht gemäß dem Securities Act registriert.
Ferrellgas (OTC:FGPR) أعلن عن نية طرح إجمالي قدره $650.0 مليون من سندات رُتبة عليا تستحق في 2031، رهناً بظروف السوق.
يخطط المُصدِرون لاستخدام صافي العائد مع النقد المتاح لسداد جميع سندات رُتبة عليا فئة 5.375% المستحقة 2026. يشترط السداد إكمال العرض المقترح وتعديل اتفاقية الائتمان التي تحكم تسهيل الائتمان الدائري للشركة.
ستكون السندات الجديدة من الالتزامات العليا، ومضمونة على أساس غير مضمونة عاليًا من قبل Ferrellgas وشركاته الفرعية. ستُباع السندات فقط لمشتريين مؤسسيين مؤهلين بموجب القاعدة 144A ولأشخاص غير أمريكيين وفقًا للوائح Regulation S، ولن تُسجل بموجب قانون الأوراق المالية.
Ferrellgas (OTC:FGPR) 宣布计划发行总金额为 6.5亿美元的高级票据，期限至 2031，以市场条件为前提。
发行方计划将净收益与手头现金共同用于赎回所有 2026年到期、票面利率5.375%的高级票据。赎回取决于拟议发行的完成以及监管公司循环信用额度的信用协议的修订。
新票据将是高级义务，由 Ferrellgas 及其子公司以无担保方式提供担保。票据将仅向符合 Rule 144A 的合格机构买家以及符合 Reg S 的非美方人士出售，且不按《证券法》注册。
- Intend to offer $650.0 million senior notes due 2031
- Planned redemption of all 5.375% senior notes due 2026
- New notes guaranteed on a senior unsecured basis by parent and subsidiaries
- Offering is subject to market conditions
- Redemption depends on an amendment to the existing revolving credit agreement
- Notes will not be registered and are limited to QIBs and Reg S investors
LIBERTY, Mo., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Ferrellgas, L.P. (the “Company”) and its wholly-owned subsidiary Ferrellgas Finance Corp. (together with the Company, the “Issuers”) announced that, subject to market conditions, the Issuers intend to offer
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 offering did Ferrellgas (FGPR) announce on October 15, 2025?
How will Ferrellgas (FGPR) use proceeds from the $650.0M senior notes offering?
Are the proposed Ferrellgas (FGPR) 2031 notes registered under the Securities Act?
What conditions must be met for Ferrellgas (FGPR) to redeem the 2026 notes?
Will the new senior notes from Ferrellgas (FGPR) be guaranteed?
