By Sheri Kasprzak
Atlanta, Nov. 16 - Ferrellgas Partners LP said Tuesday it has sold $40 million in units to a single investor.
On Nov. 12, the company sold 2,098,623 units at $19.06 to Kayne Anderson MLP Investment Co.
The company received cash for the offering and plans to use the proceeds to pay down working capital borrowings.
Ferrellgas is a Liberty, Mo.-based propane marketing company.
| Issuer: | Ferrellgas Partners LP
|
| Issue: | Units
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| Amount: | $40 million
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| Shares: | 2,098,623 units
|
| Price: | $19.06
|
| Warrants: | No
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| Investors: | Kayne Anderson MLP Investment Co.
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| Announcement date: | Nov. 16
|
| Settlement date: | Nov. 12
|
| Stock price: | $20.78 at close Nov. 12
|
| Stock price: | $20.87 at close Nov. 16
|
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