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Ferrellgas reaches forbearance agreement with noteholders

Jun. 11, 2020 4:59 PM ETFerrellgas Partners, L.P. (FGPR) StockFGPRBy: Carl Surran, SA News Editor19 Comments
  • Ferrellgas Partners (NYSE:FGP) says it entered into a forbearance agreement with ~77% of holders of its 8.625% senior notes due June 15, 2020.
  • The noteholders agreed to forbear from exercising any rights during the forbearance period against Ferrellgas arising from any failure to pay amounts due and owing under the applicable indenture.
  • Ferrellgas says the forbearance period extends through July 31, subject to satisfaction of certain milestones.

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