Ferrellgas to draw on facility for term loan, notes principal payments

By Sara Rosenberg

New York, March 10 - Ferrellgas Partners LP plans to use borrowings under its credit facility to make a scheduled $95 million principal payment on its term loan on Aug. 1, according to a 10-Q filed with the Securities and Exchange Commission on Tuesday.

In addition, the company plans on drawing on the facility to also make an Aug. 1 principal payment of $73 million on its 8.87% series C senior notes.

Ferrellgas is an Overland Park, Kan.-based distributor of propane and related equipment and supplies.

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