FGPR prices $650M senior notes at par, 9.250%, due 2031

Rhea-AI Filing Summary

Ferrellgas, L.P. and Ferrellgas Finance Corp. priced $650.0 million aggregate principal amount of 9.250% senior notes due 2031 at an offering price equal to 100% of principal. The offering is expected to be completed on or about October 27, 2025, subject to customary closing conditions.

The notes have not been registered under the Securities Act and may only be offered or sold pursuant to an applicable exemption. The announcement clarifies that it does not constitute an offer to sell or a solicitation to buy the securities.

Insights

Credit markets analyst

$650M notes priced at 9.250%, due 2031; close targeted late Oct.

Ferrellgas, L.P. and its finance subsidiary priced $650.0 million in senior notes at 9.250%, maturing in 2031 and issued at par. Pricing at 100% fixes the coupon cost through 2031, indicating market-clearing terms for this debt tranche.

The transaction is expected to close on or about October 27, 2025, subject to customary conditions. As an unregistered offering, placements occur under securities law exemptions, which is typical for private debt placements.

Key items are the stated coupon and size; actual impact will reflect final closing and any subsequent disclosures on use of proceeds or refinancing objectives, if provided later.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 17, 2025

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Ferrellgas Partners, L.P.

(Exact name of registrant as specified in its charter)

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​	​	​	​	​
Delaware		001-11331		43-1698480
(State or other jurisdiction	​	(Commission	​	(I.R.S. Employer
of incorporation)	​	File Number)	​	Identification No.)

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​	​	​
One Liberty Plaza,	​	​
Liberty, Missouri		64068
(Address of principal executive offices)		(Zip Code)

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Registrant’s telephone number, including area code: 816-792-1600

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Not Applicable

Former name or former address, if changed since last report

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Ferrellgas Partners Finance Corp.

(Exact name of registrant as specified in its charter)

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​	​	​	​	​
Delaware		333-06693-02		43-1742520
(State or other jurisdiction	​	(Commission	​	(I.R.S. Employer
of incorporation)	​	File Number)	​	Identification No.)

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​	​	​
One Liberty Plaza,	​	​
Liberty, Missouri		64068
(Address of principal executive offices)		(Zip Code)

​

Registrant’s telephone number, including area code: 816-792-1600

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n/a

Former name or former address, if changed since last report

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Ferrellgas, L.P.

(Exact name of registrant as specified in its charter)

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​

​	​	​	​	​
Delaware		000-50182		43-1698481
(State or other jurisdiction	​	(Commission	​	(I.R.S. Employer
of incorporation)	​	File Number)	​	Identification No.)

​

​	​	​
One Liberty Plaza,	​	​
Liberty, Missouri		64068
(Address of principal executive offices)		(Zip Code)

​

Registrant’s telephone number, including area code: 816-792-1600

​

n/a

Former name or former address, if changed since last report

​

​

​

Ferrellgas Finance Corp.

(Exact name of registrant as specified in its charter)

​

​	​	​	​	​
Delaware		000-50183		14-1866671
(State or other jurisdiction	​	(Commission	​	(I.R.S. Employer
of incorporation)	​	File Number)	​	Identification No.)

​

​	​	​
One Liberty Plaza,	​	​
Liberty, Missouri		64068
(Address of principal executive offices)		(Zip Code)

​

Registrant’s telephone number, including area code: 816-792-1600

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​

n/a

Former name or former address, if changed since last report

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Ferrellgas Partners, L.P.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Ferrellgas Partners Finance Corp.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Ferrellgas, L.P.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Ferrellgas Finance Corp.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A	​	N/A	​	N/A

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Item 8.01. Other Events.

On October 17, 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 a press release announcing that the Issuers priced the previously announced offering of $650.0 million aggregate principal amount of 9.250% senior notes due 2031 (the “Notes”) at an offering price equal to 100% of the principal thereof. The offering of the Notes is expected to be completed on or about October 27, 2025, subject to customary closing conditions. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.

The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, absent such registration, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This Current Report on Form 8-K does not constitute an offer to sell or a solicitation of an offer to buy any securities.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1	​	Press release dated October 17, 2025.
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	​	​
​	FERRELLGAS PARTNERS, L.P.
​	By:	Ferrellgas, Inc., its general partner
​	​	​
Date: October 17, 2025	By:	/s/ Tamria A. Zertuche
​	​	Chief Executive Officer and President
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​	FERRELLGAS PARTNERS FINANCE CORP.
​	​	​
Date: October 17, 2025	By:	/s/ Tamria A. Zertuche
​	​	Chief Executive Officer, President, and Sole Director
​	​	​
​	FERRELLGAS, L.P.
​	By:	Ferrellgas, Inc., its general partner
​	​	​
Date: October 17, 2025	By:	/s/ Tamria A. Zertuche
​	​	Chief Executive Officer and President
​	​	​
​	FERRELLGAS FINANCE CORP.
​	​	​
Date: October 17, 2025	By:	/s/ Tamria A. Zertuche
​	​	Chief Executive Officer, President, and Sole Director

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FAQ

What did FGPR announce in this 8-K?

Ferrellgas, L.P. and Ferrellgas Finance Corp. priced $650.0 million of 9.250% senior notes due 2031 at 100% of principal.

What is the coupon and maturity of FGPR’s new notes?

The notes carry a 9.250% coupon and are due in 2031.

At what price were the Ferrellgas notes offered?

They were priced at 100% of principal (par).

When is the Ferrellgas notes offering expected to close?

Completion is expected on or about October 27, 2025, subject to customary closing conditions.

Are the Ferrellgas notes registered under the Securities Act?

No. They are not registered and may be offered or sold only under an applicable exemption.

Which entities are issuing the notes for FGPR?

The issuers are Ferrellgas, L.P. and Ferrellgas Finance Corp., subsidiaries of Ferrellgas Partners, L.P.