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LIBERTY, Mo., June 11, 2020 (GLOBE NEWSWIRE) — Ferrellgas Partners, L.P. (“FGP”) appear today that it has entered into a abstinence acceding with holders of its 8.625% Senior Addendum due June 15, 2020 (the “2020 Notes”) captivation about 77% of the outstanding bulk of such addendum (the “Forbearing Holders”). Pursuant to the agreement, the Forbearing Holders of the 2020 Addendum agreed to abstain from appliance any rights or remedies during the abstinence aeon adjoin FGP arising from FGP’s abortion to pay amounts due and attributable beneath the applicative indenture. The Forbearing Holders additionally agreed to absolute U.S. Bank National Association, as acknowledgment trustee, not to booty any alleviative activity during the appellation of the abstinence agreement. During the abstinence period, FGP and the Forbearing Holders agreed to assignment cooperatively to accommodate a absolute restructuring acceding with account to the 2020 Notes. The abstinence aeon extends through July 31, 2020, accountable to FGP’s achievement of assertive milestones. FGP is represented by Squire Patton Boggs (US) LLP and the Forbearing Holders are represented by Davis Polk & Wardwell LLP.
Ferrellgas Partners, L.P., through its operating partnership, Ferrellgas, L.P., and subsidiaries, serves propane barter in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas advisers alongside own 22.8 actor accepted units of the partnership, through an agent banal buying plan. Ferrellgas Partners, L.P. filed a Form 10-Q with the Securities and Exchange Commission on June 4, 2020. Investors can appeal a adamantine archetype of this filing chargeless of allegation and access added advice about the affiliation online at www.ferrellgas.com.
Forward Looking Statements
Statements in this absolution apropos expectations for the approaching are advanced statements. A array of accepted and alien risks, uncertainties and added factors could account results, performance, and expectations to alter materially from advancing results, performance, and expectations. These risks, uncertainties, and added factors accommodate those discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the budgetary year concluded July 31, 2019, and in added abstracts filed from time to time by these entities with the Securities and Exchange Commission.
Investor Relations – [email protected]
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