- 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.
Ferrellgas reaches forbearance agreement with noteholders
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