Ferrellgas repays $150 million term loan set for maturity in August

By Sara Rosenberg

New York, April 20 - Ferrellgas Partners LP repaid its $150 million term loan that was scheduled to mature in August, according to a news release.

The term loan was repaid using proceeds initially raised by the company through its August 2008 issuance of senior notes.

In addition, the company anticipates redeeming its $73 million of notes due in August on or before their maturity using proceeds initially raised by issuance of equity in February.

Also on Monday, the company announced that it closed on its new $145 million accounts receivable securitization facility.

Ferrellgas is an Overland Park, Kan.-based propane distributor.

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