Ferrellgas Partners Offers $650M in Senior Notes to Redeem Existing Debt

Ferrellgas Partners is raising $650M through senior notes to replace older debt. The offering is set to close later this month, with the CEO's identity remaining unclear.

, and Administrator

2025 October 18 . 4:03 PM

1 min read

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Ferrellgas Partners Offers $650M in Senior Notes to Redeem Existing Debt

Ferrellgas Partners (OTCPK:FGPR) and its subsidiary Ferrellgas Finance have announced a significant offering. They have priced $650M of 9.250% senior notes due 2031, set to close on or about October 27, 2025. The issuers aim to use the net proceeds to redeem their 5.375% senior notes due 2026, subject to certain conditions.

The offering, priced at $650M, consists of senior notes with a 9.250% interest rate, maturing in 2031. The closing date is expected to be October 27, 2025. If the offering is successfully completed and the credit agreement is amended, the issuers plan to use the net proceeds to redeem all of their 5.375% senior notes due 2026.

Ferrellgas Partners, led by its CEO (Vorstandsvorsitzender), has not explicitly stated who the CEO is in the available search results.

The offering of $650M in senior notes by Ferrellgas Partners and its subsidiary is expected to close later this month. The funds raised will be used to redeem existing notes, subject to certain conditions being met. The identity of the CEO remains unclear from the available information.