Ferrellgas lifts secured credit facility to $600 million

By Marisa Wong

Madison, Wis., June 9 – Ferrellgas Partners, LP’s operating partnership, Ferrellgas, LP, increased its secured credit facility due October 2018 to $600 million from $500 million, according to an 8-K filing with the Securities and Exchange Commission.

Ferrellgas said the increase gives it added liquidity for future acquisitions.

There was no change to the size of the letter-of-credit sublimit, which remains at $200 million.

The company entered into the third amendment to its secured credit facility on June 6.

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

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