Ferrellgas LP, the operating group for Ferrellgas Partners LP, reached an agreement with lender TPG Specialty Lending to address concerns about potential defaults.
Overland Park-based Ferrellgas Partners (NYSE: FGP), which is known for its Blue Rhino retail propane brand, carries about $2.2 billion in debt, with $1.26 billion in assets. Its current cash flow isn’t enough to cover its long-term debt obligations, including $357 million due to TPG in June.
The company’s debt problems were caused…
Ferrellgas LP, the operating group for Ferrellgas Partners LP, reached an agreement with lender TPG Specialty Lending to address concerns about potential defaults.
Overland Park-based Ferrellgas Partners (NYSE: FGP), which is known for its Blue Rhino retail propane brand, carries about $2.2 billion in debt, with $1.26 billion in assets. Its current cash flow isn’t enough to cover its long-term debt obligations, including $357 million due to TPG in June.
The company’s debt problems were caused…