Ferrellgas Partners to repay some loans with common units proceeds

By Sara Rosenberg

New York, Nov. 12 - Ferrellgas Partners LP plans on paying down borrowings under senior secured credit facility using proceeds from the sale of roughly 1.2 million common units, according to a 424B2 filed with the Securities and Exchange Commission on Friday.

The company expects the sale to generate about $30 million of proceeds.

As of July 31, the company had total borrowings of $167 million outstanding under its credit facility.

Ferrellgas is an Overland Park, Kan.-based gas company.

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