Ferrellgas Partners LP sold its subsidiary Bridger Energy LLC to an undisclosed buyer just two-and-a-half years after buying it.
Company founder James Ferrell, who has been serving as interim president and CEO since September 2016, said the sale was driven by a desire to reduce the Liberty-based oil and gas company's debt and give it a "more than adequate" level of liquidity."The sale significantly reduces our interest expense, improves our credit metrics and lessens the company's reliance on…
Ferrellgas Partners LP sold its subsidiary Bridger Energy LLC to an undisclosed buyer just two-and-a-half years after buying it.
Company founder James Ferrell, who has been serving as interim president and CEO since September 2016, said the sale was driven by a desire to reduce the Liberty-based oil and gas company's debt and give it a "more than adequate" level of liquidity."The sale significantly reduces our interest expense, improves our credit metrics and lessens the company's reliance on…