Propane Supplier Ferrellgas Opens Ch. 11 With $412M Debt

Law360 (January 11, 2021, 10:25 AM EST) -- Nationwide propane distributor holding company Ferrellgas Partners LP sought Chapter 11 protection in Delaware early Monday, reporting $412 million in unsecured debt and plans for a debt-to-equity restructuring and governance changes.

Ferrellgas Partners — a master limited partnership holding company affiliate of a 100-year-old, employee-owned, Kansas-based transportation and distribution business — said the bankruptcy actions were part of a wider reorganization of debtor and nondebtor enterprises that would refinance some $1.5 billion in debt and raise $1 billion in new capital.

The holding company and affiliate debtor Ferrellgas Partners Finance Corp. reported about $412 million in unsecured debt, including $392 million...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!